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1.0Occasional Planethttps://occasionalplanet.orgCulprits in housing bubble get to decide U.S. credit rating. Really?rich600338<blockquote class="wp-embedded-content" data-secret="gUmQtMeqyN"><a href="https://occasionalplanet.org/2011/08/01/culprits-in-housing-bubble-get-to-decide-u-s-credit-rating-really/">Culprits in housing bubble get to decide U.S. credit rating. Really?</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://occasionalplanet.org/2011/08/01/culprits-in-housing-bubble-get-to-decide-u-s-credit-rating-really/embed/#?secret=gUmQtMeqyN" width="600" height="338" title="“Culprits in housing bubble get to decide U.S. credit rating. Really?” — Occasional Planet" data-secret="gUmQtMeqyN" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script type="text/javascript">
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https://i0.wp.com/occasionalplanet.org/wp-content/uploads/2011/07/bubble-house700x342.jpg?fit=700%2C342&ssl=1700342Standard & Poor's, and Moody's rating agencies were central players in the housing bubble and bust in 2007 and 2008, yet they are also the agencies who will determine the U.S. credit rating if the debt ceiling is not raised on August 2, 2011.