Pound backtracks after Fitch deficit warning - Times Online
Rated • 1 review • uk, fucking mess • timesonline.co.uk
Credit ratings agency Fitch warned that the UK budget deficit risks downgrading the UK credit rating.
** Well that's bloody rich isn't it - if the credit assessments for those sub-prime mortgages had been worth the paper they were written on then maybe we wouldn't be in this mess. They're all tarred with the same brush now, whether or not Fitch was directly involved with the assessments for them - and we are supposed to believe that these agencies are trustworthy? How on earth can anyone place any faith in them now?
There's a neat little nugget hidden towards the end of the article...
- the Government's "cash for bangers" scrappage scheme pushed car imports up by £432 million, or 30 per cent, in the month, according to the Office for National Statistics.
- HaHaHa - I'm going to start fiddle lessons tomorrow...
** 'Fall of Rome' links to unattributed, public domain source from wiki
