[RIJIMMY]

Review my 10,000 political posts and I never use the word corrupt, but man, this is bad.
So S&P, which said it would reduce the rating if there were not a certain level of cuts, follows through on its word. Obama and the Dems unleash the attack dogs and now this.....

NEW YORK (AP) -- The president of Standard & Poor's is stepping down, an announcement coming only weeks after the rating agency's unprecedented move to strip the United States of its AAA credit rating.

The McGraw-Hill Cos., the parent of S&P, said late Monday that Deven Sharma will be replaced by Douglas Peterson, now the chief operating officer of Citibank N.A., Citigroup Inc.'s chief banking arm.

Sharma, 55, "was ready for new challenges" after helping S&P separate its data, pricing and analytics business from its ratings business, McGraw-Hill said in a statement. The company unveiled that restructuring at S&P late last year.

Peterson, 53, will take over the helm of S&P starting Sept. 12. Sharma will stay on as an adviser at the parent company until the end of the year.

Citibank??? You mean the company that received billions and billions from the treasury? The company at the height of the wall st fervor? Are you kidding me? Sound like Chicago politics to me
So Dems, I listened to all kinds of Halliburton conspiracies but was there ever anything as obvious as THIS?????? Where are the journalists now????????????