America’s triple A rating is at risk
By David Walker
FT May 12 2009
(...) The US government has had a triple A credit rating since 1917, but it is unclear how long this will continue to be the case. (…) How can one justify bestowing a triple A rating on an entity with an accumulated negative net worth of more than $11,000bn (8,000bn euro, 7,000bn pounds) and additional off-balance sheet obligations of $45,000bn? An entity that is set to run a $1,800bn-plus deficit for the current year and trillion dollar-plus deficits for years to come? (...) http://www.ft.com/cms/s/0/5534bd04-3f27-11de-ae4f-00144feabdc0.html?nclick_check=1
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Received on Fri May 15 16:45:00 2009
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