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Archive for February, 2010

Moody’s warns on US credit rating; Standard & Poor’s warns B of A and Citibank.

A recent Financial Times noted that the proposed overhaul of US financial rules threatens the credit ratings of Bank of America and Citibank.  Standard & Poor’s, one of the world’s top two credit...

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Posted by admin on February 15th, 2010

Category: Economic Crisis, Federal Finances, Interesting Issues, Money

Zimbabwe defaults; US raises debt ceiling limit

In moves that should have surprised no one, last week Zimbabwe defaulted on debt repayments and the United States raised its debt ceiling limit to avoid defaulting. Zimbabwe owed Caledonia Mining a mere...

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Posted by admin on February 1st, 2010

Category: Federal Finances, Money