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Friday, August 05, 2011

Geithner's Clueless Prediction on Downgrade

Just a couple months ago in April, Tim Geithner showed his true cluelessness by declaring that there was "no risk" that the U.S. debt would be downgraded.

There is no chance that the U.S. will lose its top credit rating, Geithner said, forcefully disputing the notion that S&P or other ratings services might downgrade U.S. bonds from their current AAA rating.

"No risk of that, no risk," Geithner said on the Fox Business Network.