Geithner Downgrades His Credibility to Junk: Jonathan Weil

By Jonathan Weil - Apr 20, 2011

Fox Business reporter Peter Barnesbegan his televised interview with Treasury Secretary Tim Geithner two days ago with this question: “Is there a risk that the United States could lose its AAA credit rating? Yes or no?”
Geithner’s response: “No risk of that.”
“No risk?” Barnes asked.
“No risk,” Geithner said.
It’s enough to make you wonder: How could Geithner know this to be true? The short answer is he couldn’t.
Full text
Comment: My question is how you can downgrade to junk if you're junk to begin with.