Why’s Everyone Mad at Standard and Poor’s?

I find it amusing that now a lot of talking heads and news outlets and especially the White House are calling S&P’s credibility into question when they never did so when the US had  its AAA rating.

It really seems like the complainers are the sorts of people who agree with ratings and rankings when they’re on top but as soon as they drop (or can’t ascend to the summit) they find fault.

It’s almost like what a group of bloggers have decided to do to poor Alexa.  ‘Oh, you can’t trust Alexa, let’s get our own method like voting or some cryptic implanted secret code’.

Alexa is to some bloggers what S&P now is to some talking financial news heads.

About Jim

I am a Pastor, and Lecturer in Church History and Biblical Studies at Ming Hua Theological College.
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1 Response to Why’s Everyone Mad at Standard and Poor’s?

  1. Gerard says:

    Alexa is an automated system. S&P ratings are determined by money influenced human judgement.

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