Clearly, it’s the Treasury Secretary’s job to talk up the economy. But when Tim Geithner says there’s no chance the U.S. will lose it’s Triple-A credit rating, and S&P says there’s a once in three chance, who are we supposed to believe?
Not that S&P is so credible, either, given how it put top credit ratings on mortgage backed securities before the big bust. But maybe this time it is right.
Click here to read my column in The Sunday Wall Street Journal.