Senate Probing S&P Downgrade

Tyler Durden's picture

If anyone thought that the Congressional subpoena of Meredith Whitney was taking it too far, you ain't seen nothing yet. According to flashing headlines, the idiots in the Senate now have S&P firmly set in their sights. Reuters adds that, "the Senate Banking committee has begun probing last week's decision by Standard and Poor's to downgrade the U.S. credit rating, a committee aide told Reuters on Monday. The aide said the panel was gathering information about the S&P move but no decision had been made on whether it will hold hearings into the downgrade. But, the aide added, all options were being weighed." At least this action did not involve the Feds and a SWAT team breaking into the company's headquarters unlike a comparable escalation in Italy. We are currently conducting a Lexis-Nexus search to find when the last time that a rating agency upgrade of a nation resulted in the type of prosecution which the glaringly terrorist and racist S&P (in the US) and S&P and Moody's (in Italy) are subjected to currently. We will be sure to bring you the results as soon as have them. We are confident the search will be very, very fruitful. In the meantime, keep an eye on the FBI's most wanted terrorist list. The face below may soon be staring at you from it. And if not, Deven Sharma should prepare for a lifetime of body cavity searches courtesy of the TSA.