Tuesday, August 09, 2011

Debt ceiling more an abyss

Mark Steyn: Debt ceiling more an abyss - Orange County Register
"That's to say, as crazy as Washington is, Europe is perceived to be crazier.
In confirmation of the point, over in Italy, which is (believe it or not) a G7 economy, police raided Moody's and Standard & Poor's over allegations that all the meanie things that the rating agencies have been saying about the Italian economy were having an impact on Italian stock prices.
Apparently that's a crime in Italy."

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