America?s Subprime Politics

Felix Salmon points out that even though the United States avoided an official donwngrade of our AAA debt, it’s difficult to take seriously the proposition that we deserve such a high rating at this point. After all, “if we came that close to defaulting, there?s no way that our securities can be risk-free.” Still, I [...]

Source: http://thinkprogress.org/yglesias/2011/08/02/285466/americas-subprime-politics/

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