Thursday, August 11, 2011

Jon Stewart Exposes New American Credit Rating: The Obama Downgrade

From Denny: Only Jon Stewart would think of this crazy scenario - or dare to air it. Comic Larry Wilmore delivers a flawlessly funny run on the black stereotype in relation to America's new credit rating, courtesy of a downgrade from S & P. The other credit rating agencies did not follow suit. Nor did they make a $2 trillion error in projections like S & P who still refuse to own their colossal mistake.

Basically, these credit rating agencies were paid off by Wall Street to rate various companies as good risks when clearly they were not. The second video clip is of law professor John Coffee who explains how that tangled web of deceit created the economic mess we are experiencing today.

Wednesday August 10, 2011 The Obama DowngradeLarry Wilmore believes that if Barack Obama's going to be labeled black, then he should own it, and by "own it," he means "rent it."

Wednesday August 10, 2011

John CoffeeLaw professor John Coffee explains why major credit rating agencies inflated their ratings and how they contributed to America's financial collapse.

* * *  Please support Warriors Pearl Foundation - helping homeless female military veterans come home.  Visit Denny Lyon Gifts  @  -  see what's new!  And a special thanks to those of you supporting this effort!  You rock!

 Subscribe in a reader to A Truth Journal

* Check out Dennys News Politics Comedy Science Arts & Food - a place where all my other 20 blogs link so you can choose from among the latest posts all in one place. A free to read online newspaper from independent journalist blogger Denny Lyon. * 

*** THANKS for visiting, feel welcome to drop a comment or opinion, enjoy bookmarking this post on your favorite social site, a big shout out to awesome current subscribers – and if you are new to this blog, please subscribe in a reader or by email updates!