Geithner is an idiot, but he is right about at least ONE thing…

August 8, 2011 Leave a comment

Geithner says:

“[S&P has] shown a stunning lack of knowledge about basic U.S. fiscal budget math.”

No kidding, Tim. If they really understood the US Treasury’s economics, they’d have downgraded it to junk in 2008. But I don’t think that’s what you mean…

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Filed under CMR, Economics, Intervention Tagged with

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