International ratings agency S & P has downgraded great Britain's sovereign debt rating from AAA to AA. That's a pretty savage downgrade.
Funny thing, I thought. The ninth largest economy in the world votes to shrug off the debilitating and corrupt EU but the ratings agency gives it a beating. I would have thought it was the EU that needed a kick in the pants, rather than Britain.
Still, this is the same Standard and Poors which told the world that AIG was fine, just weeks before the mortgage insurer collapsed under the weight of Democratic Party inspired mass home loan defaults, triggering the Global Financial Crisis.
If I had to choose between lending to Britain or to what's left of the EU, it would be the Brits every time.
32 minutes ago