I just bought shares in the 5000 largest American companies. I did this because I wished to take substantive action immediately upon learning of Standard & Poor’s downgrade of US credit. Standard & Poor’s, and to a lesser degree, Fitch and Moody’s bear much responsibility for the global recession from which we are trying to extricate ourselves. They maintained AAA ratings for companies run by abject criminals who knowingly, consciously, and systematically lied to US citizens and citizens of the world at large. Thus, they are culpable in the collapse of many banks (my own included) and their actions, among other things, drove thousands of families from their homes.
[Via DaringFireball]
