Monday, April 13, 2009

Peak Oil Financial Crisis: "Moody's Downgrades The Whole Country," By Joe Weisenthal, The Business Insider, April 8, 2009

"The Federal government is still AAA, but every municipal debt issuer is now suspect and shaky according to Moody's.

For the first time ever, the ratings agency placed all munis on negative outlook, a precursor to potential downgrades. Historically, the agency looked at munis individually and considered them to be too diverse to make blanket statements about."

(Continued here).

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