To the Point

The S&P Downgrade: Economics and Politics

Fingers of blame are being pointed in every direction as Wall Street and world financial markets react to history's first downgrade of America's credit rating. Standard and Poor's is taking its own licks for bad mathematics and because other ratings firms are keeping the US at AAA .

By Warren Olney • May 12, 2014 • 1 min read

Fingers of blame are being pointed in every direction as Wall Street and world financial markets react to history's first downgrade of America's credit rating. Standard and Poor's is taking its own licks for bad mathematics and because other ratings firms are keeping the US at AAA. Is President Obama at fault? What about Tea Party Republicans and European economies? Why are US Treasuries still the safest place to be? What's next for local governments and individuals with home and auto loans?

Warren Olney
former KCRW broadcaster
Christian Bordal
Managing Producer, Greater LA
Darrell Satzman
Producer
Karen Radziner
Managing Producer, To the Point & Which Way LA?
Daniel Gross
Strategy + Business
Zachary Karabell
President, River Twice Research
James Galbraith
University of Texas, Austin

News

National

Politics

To the Point

The S&P Downgrade: Economics and Politics

Fingers of blame are being pointed in every direction as Wall Street and world financial markets react to history's first downgrade of America's credit rating. Standard and Poor's is taking its own licks for bad mathematics and because other ratings firms are keeping the US at AAA .

Share

To the Point

The S&P Downgrade: Economics and Politics

Fingers of blame are being pointed in every direction as Wall Street and world financial markets react to history's first downgrade of America's credit rating. Standard and Poor's is taking its own licks for bad mathematics and because other ratings firms are keeping the US at AAA .

Share