40 Years In The Desert: Fitch Downgrades Spain's Sovereign Debt

28 May 2010

Fitch Downgrades Spain's Sovereign Debt

They downgraded Spain from AAA to AA+.

This means quite a lot to Spain, as it will have to pay more interest on it's debt, despite the fact that one of the lessons of the financial meltdown is that the ratings agencies are full of it.

Nice racket.

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Matthew Saroff, Mechanical Engineer, Owings Mills, Maryland, US

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A member of the Democratic wing of the Democratic party, and a fan of Bernie who thinks Neoliberal (DLC/New Dem) trickle down conomics sucks.

Mechanical Engineer with a background in defense, electronics packaging, medical & food equipment, transportation, and manufacturing.

In my spare time (Hah!), I am the developer of the Firefox addon, bbCode for Web Extensions (bbCodeWebEx).

I have two cats, a black cat, and a gray and white long hair cat, who keep me on my toes. (Because he keeps attacking my feet)

I am a Jew and a Zionist, who is married to a woman with exquisitely bad taste in men, and I have two remarkable children with her.

What is 40 Years in the Desert?

This blog is a place to put my stream of consciousness thoughts about life, politics, technology, and cats.

It's a posting ground for my more-or-less annual personal newsletter, 40 Years in the Desert.(PDF's available at link)

I find that if I wait until year's end I miss stuff from earlier in the year.

40 Years is put out the old fashioned way, it's printed out on ledger sized paper with 4 pages and mailed to people, total circulation of about 100.

I'm just not the holiday card kind of guy. A warning, if you comment here, I may use it in my paper publication.

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40 Years In The Desert

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28 May 2010

Fitch Downgrades Spain's Sovereign Debt

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