Thursday, April 23, 2009

Banana Republic Watch: TALF Edition

Under the TALF program, you have to have "AAA" credit ratings before they'll give you any of my grandchildrens' money.

A billion dollars was just spread between two companies that would not have received AAA ratings from one rating agency. So the program administrators asked a few other agencies what they thought of the companies in question and bingo-bango they're AAA rated and qualified.

This is the sort of shenanigans you get with a radical Marxist at the helm. Is this the change you were looking for?

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