Can you imagine the amount of government scrutiny and pressure that will be laser-focused on S&P after the ratings agency responded to Obama’s “in your eye” speech by putting the United States of America on a rightly deserved credit watch?
It’ll be interesting to watch what Moody’s does. On one hand, Moody’s completely missed the mortgage meltdown, so I’d expect them to be conservative and follow suit.
On the other hand, Obama’s BFF — Warren “Please let me pay more taxes” Buffett — owns a big stake of Moody’s. So, I’d expect some respectful crony capitalism.
For now, the tanning salons are finally out of the spotlight.
First, the poker sites … now S&P.
Been a good week for the salons …
The Homa Files 
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