BREAKING NEWS: SEC is charging S&P with racial discrimination# Stock
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BREAKING NEWS: SEC is investigating why S&P didn't downgrade US previously
under any white presidents while they downgraded US credit rating as soon as
it got its first black president. For example, under Ronald Reagan, the US
credit limit was increased 17 times. And most recently, during Bush
presidency, the United States debt limit was increased from $5.95 trillion
to $9.815 trillion. But as soon as the US got the first black president and
asks for a debt ceiling increases for the first time, the credit rating was
downgraded.
It also remains suspicious is that all other countries that remain in S&P
AAA country list, such as Australia, Canada, Denmark, Germany, Holland,
Norway, Sweden, Switzerland, France, United Kingdom, etc all have white
leaders. Even though some of the countries, such as France, are in much
worse financial situation comparing to the US. It also noted that none of
the Africa nations have a credit rating closes to AAA.
SEC chairman, Mary Schapiro, said in a conference, "Let us all hope that the
dark clouds of racial prejudice will soon pass away, and that in some not
too distant tomorrow the radiant stars of love and brotherhood will shine
over our great nation with all their scintillating beauty. And US would
remain in AAA rating by S&P under President Obama."
US Justice Department is considering introduce anti racial discrimination
guidelines. And Moody and Fitch have made statements that they are equal
opportunity raters and would revisit their credit rating standards on Monday
based on the spirit of "affirmative action" law.
under any white presidents while they downgraded US credit rating as soon as
it got its first black president. For example, under Ronald Reagan, the US
credit limit was increased 17 times. And most recently, during Bush
presidency, the United States debt limit was increased from $5.95 trillion
to $9.815 trillion. But as soon as the US got the first black president and
asks for a debt ceiling increases for the first time, the credit rating was
downgraded.
It also remains suspicious is that all other countries that remain in S&P
AAA country list, such as Australia, Canada, Denmark, Germany, Holland,
Norway, Sweden, Switzerland, France, United Kingdom, etc all have white
leaders. Even though some of the countries, such as France, are in much
worse financial situation comparing to the US. It also noted that none of
the Africa nations have a credit rating closes to AAA.
SEC chairman, Mary Schapiro, said in a conference, "Let us all hope that the
dark clouds of racial prejudice will soon pass away, and that in some not
too distant tomorrow the radiant stars of love and brotherhood will shine
over our great nation with all their scintillating beauty. And US would
remain in AAA rating by S&P under President Obama."
US Justice Department is considering introduce anti racial discrimination
guidelines. And Moody and Fitch have made statements that they are equal
opportunity raters and would revisit their credit rating standards on Monday
based on the spirit of "affirmative action" law.
