Nina Eichacker, an economics professor at the University of Rhode Island, says the downgrade speaks to a “growing disparity between an administration that talks about wanting to reduce the debt and then pursues policies that do anything but.”
In a lawsuit filed late Monday, the U.S. Department of Justice claims the credit rating firm Standard & Poor’s knew some $4 billion worth of mortgage-backed securities were risky.
French bonds fell today in the wake of Moody's downgrading the nation's credit rating. So is the second largest economy in Europe shrugging its collective shoulders? Non!
