[news] S&P Seen Leaving to Tea Party at Spending of U.S. Taxpayer

Standard & Poor's headquarters

Standard & Poor's, the company lowered its debt rating to the U.S. to AA + from AAA for the first time, is now besieged by investors led by billionaire Warren Buffett for making a political decision that has more to do with Tea Party policy that U.S. financial stability

S & P officials ignored a miscalculation $ 2 billion, blamed "uncertainty" in the process of policy on 5 August when it cut the capacity assessment of the U.S. government to pay its debt, citing the failure of Congress to agree as long-term deficit reduction and the credit ratings company wanted. Buffett, the world's most successful investor, said S & P and the U.S. wrong should be described as "quad A".

The New York-based subsidiary of McGraw-Hill Cos., which inflates the degrees of mortgage-backed investment - paid by the banks that created the toxic debt - were blamed for congressional investigators to feed the financial crisis shook investors around the world and gave rise to rival Barack Obama in the 2012 elections. U.S. equity futures and global stock markets plunged, oil and gold sank to a record shot.

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