As Geithner furiously handwrings over the S&P downgrade and the GOP stumbles over itself trying to blame the debt ceiling hike for the lower rating (uhm, Bachmann, how does that even make sense?), Jon Stewart focuses on the important stuff. Like the fact that going from "AAA" to "AA+" sounds like the most ridiculous downgrade ever. But wait! As he points out, S&P are the "guys that gave the clean bill of health to the mortgage securities that were toxic." And some mysterious investor just got a 10 to 1 return betting on the downgrade on the stock market. So... think there's a problem? Watch Stewart get irate and hilarious, via Mediaite:
A collection of articles defining our times. The pages contain clickable links, don't let the titles fool you, some of the best articles have very non-descript titles and there are usually more articles on the matters in the days and week pages the links land on so it's a sort of treasure hunt through history, Enjoy!
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