Page 3 - Math Error News Today

If we go to a double dip reception i put the blood on the hands of s&p. >> pretty darn -- [ bleep ]. >> republicans are blames democrats. democrats are blaming the tea party but the blame belongs to standard & poors. >> lets talk about the s&p. >> blame the ratings agencies. >> politicians of all sides attacking them. >> i think s&p has shown really terrible judgment. >> they made a $2 trillion math error. >> s&p is wrong. totally, absolutely wrong. >> they missed the sub prime mortgage crisis. ...

Basically standard & poors is saying, like many other people around the country and around the world, are they going to follow through? bottom line for the president this is a stain on his presidency. this is the first u.s. president to have u.s. debt downgraded on his watch. frankly that is why the administration spent all afternoon and evening fighting this behind the scenes. to try to prevent s&p from doing this treasury department got a call this afternoon saying this was going to happen. im...

Basically standard & poors is saying, like many other people around the country and around the world, are they going to follow through? bottom line for the president this is a stain on his presidency. this is the first u.s. president to have u.s. debt downgraded on his watch. frankly that is why the administration spent all afternoon and evening fighting this behind the scenes. to try to prevent s&p from doing this treasury department got a call this afternoon saying this was going to happen. im...

Through amateur hour for having gone ahead with the downgrade even though the administration says the downgrade is based quite literally on a math error. word on the controversial s&p downgrade coming in the wake of yesterdays drop in the dow jones, markets around the world doing the same today. today the u.s. stock market finished largely flat. moodys and fitch have maintained the aaa rating but have warned downgrades were possible in the future. a downgrade, of course, is what the obama admini...

Perspective. >> they made a $2 trillion math error and forgot to check their work so the rating agencies that didnt make a $2 trillion math error reaffirmed the aaa status. >> i think s&p has shown really terrible judgment and handled it so poorly and shown a stunning lack of knowledge about basic u.s. math and drew the wrong conclusion. >> standard & poors would have forfeited its good reputation if it had a good reputation to begin with. if you read what they actually said its a kind of half-b...

No matter what some agency may say, we have always been and always will be a aaa country. >> under fire, standard & poors released this statement saying that the change had to be made, and the downgrade reflects our view that the effectiveness, stability, and predictability of american policy making and political institutions have weakened a time of ongoing fiscal and economic challenges. this is a move that is spiking sharp criticism from the white house and beyond from the president challengin...

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>> i think s&ps shown really terrible judgment. >> theyve made a $2 trillion math error. >> s&p is wrong, totally, absolutely, wrong. >> president today aims to dismiss the s&p rating downgrade. >> whats the problem with the economy? >> robert reich joins me. >> the super rich have 40% of the nations entire wealth. >> so pretty darn [ bleep ]. >> but how will watch get better? >> congress ultimately owns the credit rating. >> the house of representatives had a mandate. >> this is a tea party dow...