August 08, 2011

Things Ben does not understand: first in a long series

So who are Standard and Poors, and who is it that pays them to wipe trillions of dollars off the global economy? Has there ever been a more expensive pen stroke than the solitary one lost between AAA and AA+? Do they just sit around....rating things? What with Standard and Poors making this trillion-dollar attack on its economy, why isn't the U.S dropping LGBs on them? "We are now downgrading the U.S credit rating to-" EXPLODE. Problem solved.

I can't fathom how this works. It's as if everything Hollywood ever did was directly dictated by Rotten Tomatoes scores. (Hint: it isn't.)

Two obvious (to me) preferable possibilities to recent events seem to raise themselves:

1) They downgrade the U.S credit rating from AAA to AA+ (God that's stupid) , and everyone merely ignores it.

2) They realise that downgrading the U.S credit rating from AAA to AA+ might well help to touch off a second global financial crisis, and so they don't do it.

I mean...what?

I have concluded, therefore, that they are vampires. An ancient cabal of vampires who secretly guide and shape human society. That makes a lot more sense.

Furthermore, credit agency Ben Allan's Credit Agency is, after careful consideration, awarding the U.S its top AAAAAA1!!RainbowUnicorn rating. Logically, that should solve the problem.

1 comment:

Dave said...

My understanding is that S&P basically assess an institutions ability to pay it's commitments; be that a private enterprise or a sovereign nation (or anything in between).

This is effectively recognition of the international credit market going '... the fuck??' over the nut jobs in the Tea Party derailing the ability to reach a politically realistic or satisfactory debt repayment scheme.