Wednesday, February 03, 2010


U.K., U.S. Top Aaa Ratings Tested by Debt Burdens, Moody’s Says

The deterioration has been pretty severe,” said Pierre Cailleteau, managing director of sovereign risk at Moody’s, in a Bloomberg Television interview in London. “We expect a pretty strong policy response in the next couple of years in order to keep the debt in the Aaa range. We expect them to bend but not to break.”

We all know how bend but not break works out.

Treasury Secretary Wannstedt

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