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Old 01-16-2012, 03:49 PM   #14745
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Re: The Longest Thread Ever v28

Going back to the whole national credit ratings and whatnot, heard an economist on the radio this morning saying that the biggest problem with groups like Standard & Poors was not that they've gone around downgrading European countries now, which is drawing ire, but NOT doing it at the beginning of the crisis. A few years back, when the economic problems began, they refused to drop the credit rating of Greece, which allowed Greece to borrow so much more and dig themselves, and consequently, the rest of Europe into a deeper hole.

Better late than never may not apply here, but whatever. Just thought I'd share.
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