The US government got downgraded by S&P because, unlike corporations, they don’t pay the ratings agency any fees, Columbia law professor John Coffee told The Daily Show. [More]
ratings agencies
![Update: Airplane Flies Banner By Wall Street That Says
"Thanks For The Downgrade. You Should All Be Fired."](../../consumermediallc.files.wordpress.com/2012/06/dowgradebanner.jpg?w=240&h=224&crop=1)
Update: Airplane Flies Banner By Wall Street That Says "Thanks For The Downgrade. You Should All Be Fired."
By Ben Popken 8.9.11
Earlier today, an airplane buzzed Wall Street towing a banner that said, “Thanks For The Downgrade. You Should All Be Fired.” Update: FORTUNE got in touch with the person who flew it. She’s a Midwestern mother and an investment banker. [More]