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well, i don't know if the egan-jones ratings impact anything but i will say that the political posturing re: the debt limit has impacted the economy already and if moodys (who is on record stating the debt ceiling is worthless, just remove it) and s&p downgrade our rating as a result, the impact will be off the charts, imo. i was reading about this the other day, when the u.s. came close to defaulting on ~150$ million once, the prime interest rate reacted with a full % point increase. trickle that shit down.........
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