Rating agencies:"De mortuis nihil nisi bonum"

Discussion in 'Wall St. News' started by C6H12O6, Jan 13, 2009.

  1. C6H12O6

    C6H12O6

    LMAO :D
    This is a must read: today S&P confirmed rating A+ for Italy and stable outlook, and estimated that the debt/GDP ratio will rise at 109%. An italian government member ironically commented:"We'll do everything to avert it"
    (Link only in italian, sorry)
    http://borsaitaliana.it.reuters.com/article/bondsNews/idITLD45390620090113

    and he added IN LATIN "De mortuis nihil nisi bonum" = "Say nothing but good about the dead"
    http://en.wikiquote.org/wiki/Latin_proverbs

    Rating agencies don't even deserve a serious answer from an undersecretary... I'm really laughing my a$$ off :D