Obama administration officials tried to keep S&P rating at ‘stable’

[bijou]

The Obama administration privately urged Standard & Poor’s in recent weeks not to lower its outlook on the United States — a suggestion the ratings agency ignored Monday, two people familiar with the matter said.



Treasury Department officials had been discussing with S&P whether the ratings agency should change its outlook on the United States to “negative” from “stable,” an indication that the country could lose its crucial AAA rating in coming years over its soaring debt levels. ...

http://www.washingtonpost.com/business/economy/obama_administration_officials_tried_to_keep_sandp_rating_at_stable/2011/04/19/AFfAeO8D_story.html

I get the feeling that the Chicago crew would have favoured a  'horses head in a bed'  over 'privately urging' .

[thundley4]

I'm waiting to see if some federal investigation of S&P crops up soon. 

[bijou]

I'm waiting to see if some federal investigation of S&P crops up soon. 

Of course that's so much easier than doing something about the deficit situation.

[Eupher]

I'm waiting to see if some federal investigation of S&P crops up soon. 

Yep. The Chicago Thuglicans will definitely be looking at things.

[JohnnyReb]

Just like Fannie Mae and Freddie Mac, they want to keep things propped up until they need to kick the props out from under it.