Fast-food chain McDonald’s (NYSE:MCD) is more credit worthy than the US government, according to Finnish newspaper Helsingin Sanomat. We’re not surprised one little bit. After almost eight years of the “CEO president” George Bush in the White House this is where we’re at. The market now sees a fast-food chain’s corporate loan to be a safer investment than the bonds of the world’s most powerful country.

This from the Finns:

The State of Finland and fast-food chain McDonald’s are now deemed more credit-worthy than the U.S. when measured by prices of CDS-derivatives (credit default swaps).

The insurance risk-premium for a 10-year U.S. treasury bond shifted on Friday up to 0.3% according to a broker in a Finnish bank. In practice this means that if an investor wishes to insure 10 million dollars worth of U.S. T-bonds against a government default the insurance will cost 30,000 dollars. Such an insurance for the same amount of investments on Finnish bonds cost on Friday only about half of that at 16,000 dollars. Even loans to McDonald’s would be cheaper to insure than U.S.-bonds, at 28,000 dollars per 10 million.

Source: McDonald’s Deemed More Credit-Worthy than U.S. Government