The Credit Rating Firms Are Running Scared – It’s About Time
Sep 11th, 2009 | By Shah Gilani | Category: Politics & EconomicsWhen it comes to the U.S. credit crisis, we’ve all heard the numbers. The stock market decline wiped out $7 trillion in shareholder wealth. It forced the federal government to commit to $11.6 trillion in bailout programs and stimulus spending. And it’s led to the longest U.S. downturn since the Great Depression.