Wednesday 7 December 2011

S & P ; AN APPEAL TO PRESIDENT OBAMA


Yesterday, in my humble blog,  I criticized S & P because they pontificated by announcing that six eurocurrency countries risked a downgrading of their AAA credit ratings !!!

When I read certain newspapers of the european press this morning, criticism was vehement towards US Credit "judges" like S & P. 

Mr President, do these agencies have the same standing as normal AMBASSADORS of the USA ?  Are they accredited in any way ?  Do you endorse or accept in any way their pronouncements ?  Are there any sanctions you would be prepared to apply ?

Mr President OBAMA, the EU has well known problems at present, and its leaders, President Sarkozy and Chancellor Merkel are actively engaged to find a real solution.  The USA, because of S & P, are not at present their favorite friends.  Can you help or intervene ?

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