Jon Stewart Explains S&P Downgrade: "Are You F***ing Serious?"

As Geithner furiously handwrings over the S&P downgrade and the GOP stumbles over itself trying to blame the debt ceiling hike for the lower rating (uhm, Bachmann, how does that even make sense?), Jon Stewart focuses on the important stuff. Like the fact that going from "AAA" to "AA+" sounds like the most ridiculous downgrade ever. But wait! As he points out, S&P are the "guys that gave the clean bill of health to the mortgage securities that were toxic." And some mysterious investor just got a 10 to 1 return betting on the downgrade on the stock market. So... think there's a problem? Watch Stewart get irate and hilarious, via Mediaite:


AlterNet / By Julianne Escobedo Shepherd

Posted at August 9, 2011, 4:01am

Sign Up!
Get AlterNet's Daily Newsletter in Your Inbox
+ sign up for additional lists
Select additional lists by selecting the checkboxes below before clicking Subscribe:
Election 2018
Today's Top Stories