Saturday, 30 April 2011

S&P downgrades US debt outlook-On the Edge with Max Keiser-04-29-2011

Standard & Poor's (S&P) is a United States-based financial services company that publishes financial research and analysis on stocks and bonds. In its latest rating, the Agency looked at the US Government Treasury bond and said that there is a 1 in 3 chance that the US will lose its triple A (AAA: the highest rating available) rating.

Max is joined by Karl Denninger of to ask him about his thoughts on the issue.