Upside of a USA Downgrade Threat -By Jeff Macke Breakout

The Upside of a USA Downgrade Threat

By Jeff Macke | Breakout – Thu, Jul 14, 2011 10:59 AM EDT

In the mind of my Breakout co-host Matt Nesto, Moody's (MCO) is behind the curve by not going ahead and dropping the U.S. rating now. "Why wait?" he bellows in a guttural cry not unlike Jake LaMotta telling Sugar Ray to hit him. Nesto says a fiscal punch in the government's face is overdue. "We're a manufactured AAA" he notes, adding that the U.S. is actually rated more highly than Japan, a country from whom we borrow. The relationship between the U.S. and Japan's ratings are akin to a jobless deadbeat having a better credit rating than the brother-in-law from whom he's trying to "bum a few bucks."
http://finance.yahoo.com/blogs/breakout/upside-usa-downgrade-threat-145945942.html;_ylt=ApFbPjV.1ht_YEXRM_Df4Ti7YWsA;_ylu=X3oDMTE5dmwybjF1BHBvcwMzBHNlYwNGUEJyZWFrb3V0QmxvZwRzbGsDdXBzaWRlb2ZhdXNh


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