Comments about ‘A year later, S&P downgrade of U.S. looks like a dud’

This is typical main stream media hype! Who is buying treasuries? It sure isn't foreign countries. About 75% of the treasuries purchased lately have been by the fed. We are currently the world currency but we have lost a lot of ground to other nations who are now buying oil and other commodities in their own currencies through trade agreements with other countries. The dollar is as mistrusted as the Euro. We are the laughing stock of the world because we can't get our fiscal house in order. Four more years of Obama will put an end to America as we know it. Time to wake up, abolish the fed and back our currency with something other than a promise. We all know how much integrity we have in Washington so a promise means nothing. What we do know is that the powers that be are there to line their own pockets and gain even more power.

I trust the rating agencies. They are smart and they tell the truth. Okay, so they did accept billions of dollars from Wall Street in exchange for AAA ratings on subprime Mortgage Backed Securities and Credit Default Swaps which caused the collapse of American and global finance, but hey, anyone can make a mistake, right?