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U.S. debt downgrade

“Who Elected the Credit Rating Agencies?”

Shooting the, uh . . . Messenger “Who elected the credit rating agencies?” is certainly a popular refrain on (some) Op-Ed pages lately. The sentiment is that the credit rating agencies are unfairly holding a dagger to the U.S. financial system — threatening to downgrade U.S. debt unless it demonstrably gets its house in order....
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