By John Galt
August 5, 2011 19:31 ET
Breaking as I’m on the air….
per CNBS: S&P advised that they made “trillions of dollars in miscalculations” by the U.S. Government with their GDP calculations and the error must be on their part. Hence S&P has said they may revise or drop the case from a downgrade.
Per CNBS:
S&P Calculations in Possible US Downgrade Were Off by ‘Trillions’: Source (Story developing)
Finally a wire story:
Aug. 5, 2011, 8:03 p.m. EDT from Marketwatch.com:
S&P said to back away from U.S. downgrade
AND I SNAPPED THEIR WEBPAGE BEFORE THEY COULD ERASE THEIR PROPAGANDA:
(Click to enlarge photo)
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