• 18 Apr 2011 at 10:25 AM

Opinion: S&P Downgrade Was Just The Sort Of Tough Love The US Needs

By Bess Levin

“It’s a kick in the pants for authorities to now get their act together in terms of a coherent long-term deficit/debt plan,” said Alan Ruskin, global head of Group of 10 foreign- exchange strategy at Deutsche Bank AG in New York. “It’s given a little bit of a lifeline to euro-dollar.” [BusinessWeek]

Comments (22)

  1. 1
    Posted by HBK | April 18, 2011 at 2:42 PM

    S&P: Also, there’s some important stuff I wanna talk to you about.
    Geithner: Oh, yeah? Like, good stuff or bad stuff?
    S&P: Like, well, you know, at first you might flinch, but then, I think, in the long run, great stuff.

  2. 2
    Posted by HBK | April 18, 2011 at 2:42 PM

    S&P: Also, there’s some important stuff I wanna talk to you about.
    Geithner: Oh, yeah? Like, good stuff or bad stuff?
    S&P: Like, well, you know, at first you might flinch, but then, I think, in the long run, great stuff.

  3. 3
    Posted by HBK | April 18, 2011 at 2:42 PM

    S&P: Also, there’s some important stuff I wanna talk to you about.
    Geithner: Oh, yeah? Like, good stuff or bad stuff?
    S&P: Like, well, you know, at first you might flinch, but then, I think, in the long run, great stuff.

  4. 4
    Posted by HBK | April 18, 2011 at 2:42 PM

    S&P: Also, there’s some important stuff I wanna talk to you about.
    Geithner: Oh, yeah? Like, good stuff or bad stuff?
    S&P: Like, well, you know, at first you might flinch, but then, I think, in the long run, great stuff.

  5. 5
    Posted by Chompers | April 18, 2011 at 3:09 PM

    Bess, you are a tough love lover.

  6. 6
    Posted by Chompers | April 18, 2011 at 3:09 PM

    Bess, you are a tough love lover.

  7. 7
    Posted by Chompers | April 18, 2011 at 3:09 PM

    Bess, you are a tough love lover.

  8. 8
    Posted by Chompers | April 18, 2011 at 3:09 PM

    Bess, you are a tough love lover.

  9. 9
    Posted by Guest | April 18, 2011 at 3:17 PM

    i knew there was a reason why timmy g was hired… first treasury secretary to preside over a negative watch in modern times?

  10. 10
    Posted by Guest | April 18, 2011 at 3:17 PM

    i knew there was a reason why timmy g was hired… first treasury secretary to preside over a negative watch in modern times?

  11. 11
    Posted by Guest | April 18, 2011 at 3:17 PM

    i knew there was a reason why timmy g was hired… first treasury secretary to preside over a negative watch in modern times?

  12. 12
    Posted by Guest | April 18, 2011 at 3:17 PM

    i knew there was a reason why timmy g was hired… first treasury secretary to preside over a negative watch in modern times?

  13. 13
    Posted by Whenisenough | April 18, 2011 at 3:27 PM

    “just the tip”

  14. 14
    Posted by Whenisenough | April 18, 2011 at 3:27 PM

    “just the tip”

  15. 15
    Posted by Whenisenough | April 18, 2011 at 3:27 PM

    “just the tip”

  16. 16
    Posted by Whenisenough | April 18, 2011 at 3:27 PM

    “just the tip”

  17. 17
    Posted by Smartest Guy in Bathroom | April 18, 2011 at 3:32 PM

    S&P did such a good job on property derivatives that should naturally weigh in here with their intellectual capital.

    -Guy Who Wouldd Never Use the Term “Intellectual Capital” Even If He Had Any

  18. 18
    Posted by S Archer | April 18, 2011 at 3:57 PM

    …oh I forgot my wallet…and I need cab fare.

  19. 19
    Posted by Guest | April 18, 2011 at 4:17 PM

    Does this mean I maxed out my chase debit card?

    – POTUS

  20. 20
    Posted by Heywood | April 18, 2011 at 4:36 PM

    Mondays suck. Go fuck yourself, Monday.

  21. 21
    Posted by HFguy | April 18, 2011 at 4:39 PM

    Pot calling the kettle black.

  22. 22
    Posted by S Archer | April 18, 2011 at 4:48 PM

    Did he just race card you?

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