Re: US May Lose Its ‘AAA’ Rating
November 13, 2008 at 07:28 AM EST
[Skip to the end] (email exchange) > > On Wed, Nov 12, 2008 at 11:37 PM, Morris wrote: > > The Muni stuff is more interesting… See the data…if the USA loses AAA., > what does that make states with Budget Gaps of over 10pct of GDP and > NO capability for a funding mechanism to print money???? > Dependent on the US government/banks for credit, like the [...]
