Fraud,Folly,Foolishness and Failure

http://www.kitco.com/ind/willie/aug252011.html

The irony, intrigue, and corruption is both bizarre and macabre. The Standard & Poors President Deven Sharma has decided to step down only three weeks after the agency downgraded the US credit rating. What a predictable move. The post will be occupied by Douglas Peterson, chief operating officer of Citibank, to take effect on September 12th. Business as usual on Wall Street. The S&P lead role will be in capable hands. One might wonder if the outgoing officer will be charged with child pornography or a rape in a hotel. That event might not be needed.

Comment by Adamantine:

Consider: Standard and Poor’s downgrades the US credit rating and within three weeks the CEO of S & P leaves and the US Justice department begins an investigation of S&P.

One might wonder if the outgoing officer will be charged with child pornography or a rape in a hotel. That event might not be needed.

Dishonesty now stalks a nation once known for its honesty. What is a credit  rating anyway but the rating of a countries honesty and its income as it relates to money?  It can be weakened by either dishonesty or by loss of income. These two events at S&P make me suspicious of  dishonesty at the Justice department.

Read the whole article. Nothing can be known for sure by the likes of such small players in the world as ourselves but where there is smoke there is fire and we smell plenty of smoke.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s