CNBC today absolutely ripped a Standards and Poors spokesman on why yesterday AIG had a AAA credit rating and today, after this deal, it is now A-. They said Standards and Poors is complicit in this disaster and asked the question, which was avoided, never answered on how AIG could have a AAA credit rating until today. Great job CNBC and that is a very good question on these credit ratings companies did not downgrade financial institutions much earlier. The S&P representative did not answer the questions. Watch this video clip and see the disgust upon their faces at the end. Question after question and they just don't get a straight answer.
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