Standard and Poor's has downgraded US Treasury Bonds from AAA to AA+. They claim the downgrade is based on the GOP's refusal to raise revenues. Maybe. But I doubt it. The first question I have is which hedge fund managers stand to profit. That's
August 5, 2011

Standard and Poor's has downgraded US Treasury Bonds from AAA to AA+. They claim the downgrade is based on the GOP's refusal to raise revenues. Maybe. But I doubt it.

The first question I have is which hedge fund managers stand to profit. That's an answer I want right now. Not ten months from now. NOW. On July 25th, someone placed a ONE BILLION dollar bet that our credit rating would drop. It's time for them to be identified.

It's time for us to name those profiting from the tea party hostage takers, and know they are us. I am tired of the manipulation. The tea party is rejoicing over this. They believe they will break Medicare and Social Security by breaking the country. If ever there was a time to stand in the streets, in our communities, in our towns and call for them to be held to account.

Enough.

This rant brought to you from my vacation. I will be back next week.

(corrected)

Can you help us out?

For nearly 20 years we have been exposing Washington lies and untangling media deceit, but now Facebook is drowning us in an ocean of right wing lies. Please give a one-time or recurring donation, or buy a year's subscription for an ad-free experience. Thank you.

Discussion

We welcome relevant, respectful comments. Any comments that are sexist or in any other way deemed hateful by our staff will be deleted and constitute grounds for a ban from posting on the site. Please refer to our Terms of Service for information on our posting policy.
Mastodon