mrswdk wrote:saxitoxin wrote:95% of the world credit ratings market is controlled by three U.S. companies.
Probably because 95% of people who care about credit ratings work in US companies.
You sound like a president of Argentina.
When Italy has to pay 1.8% interest to borrow money to pay for streetlights versus the 0.2% the U.S. pays for the same money, they care very much about credit ratings. When Italy sends the bill to Germany to pay, so does Berlin!
mrswdk wrote:The US couldn't subjugate a school of dolphins these days.
And yet, with just a few keystrokes, a U.S.-owned and regulated, New York-based company, headed by the scion of a great American family - William Randolph Hearst III - just cost the Italian government tens of billions of dollars and guaranteed five years of austerity for 60 million Italians, something even Italy's own president and prime minister don't have the power to do.