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Tag: Credit Rating


Flickr / Veronica V (CC-BY-SA)

Consumer Agency Puts Debt, Credit Companies on Notice

The Consumer Financial Protection Bureau may not be popular with some conservatives, but the CFPB and its stealthily appointed Director Richard Cordray are here to stay, and the watchdog agency is kicking into action by making debt collectors and credit rating companies accountable for their actions.

Posted on Feb 16, 2012 READ MORE



Flickr / Wonderlane (CC-BY)

Moody’s Downgrades Big Banks

Moody’s downgraded the credit ratings of three major U.S. banks Wednesday, and so far it appears that Bank of America was the hardest hit by the move.

Posted on Sep 21, 2011 READ MORE



Julien GONG Min (CC-BY)

A Downgrade’s GOP Fingerprints

There is one good reason to downgrade the United States’ credit rating, but S&P, whose credibility was already spent after the housing meltdown, gave a host of largely bogus explanations for its actions.

Posted on Aug 8, 2011 READ MORE



Flickr / Center for American Progress

Ignore the Downgrade, Krugman Says

Two seemingly—but not actually—contradictory things must be understood to grasp the meaning of the anger and excitement over Standard & Poor’s downgrade of U.S. government debt, says Paul Krugman. (more)

Posted on Aug 8, 2011 READ MORE


Wall Street Bull

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Posted on Aug 7, 2011 READ MORE


Wall Street Distress Flag

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Posted on Aug 6, 2011 READ MORE



White House / Pete Souza

U.S. Slapped With ‘Negative’ Credit Outlook

Standard & Poor’s, one of those ratings agencies that made a living signing off on toxic assets, has once again thrust itself into the spotlight by downgrading Uncle Sam’s credit outlook from “stable” to “negative.” As a consolation prize, S&P let us keep our AAA rating.

Posted on Apr 18, 2011 READ MORE


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