Originally Posted By: Prism

Ratings agency firm Egan-Jones on Friday downgraded the U.S.’s credit rating to “AA-“ from ”AA,” citing the Federal Reserve’s decision to go through with a third round of quantitative easing (or QE3).


These are the same agencies that rated toxic repackaged mortgages as AAA. So you better dump US Treasury bonds and invest into unsecured mortgage paper, amiright?

The only valid "credit rating" is interest rate, and according to it people are willing to lose money to hold US Treasures.

These downgrades are nothing but banksters playing 5th column in politics.

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