Ronald D. Orol
MarketWatch
August 8, 2011
Fresh from a decision to stay at his post, Treasury Secretary Timothy Geithner sharply criticized Standard & Poor’s downgrade of the U.S. government’s top-tier credit rating.
“S&P has shown really terrible judgment and they’ve handled themselves very poorly,” Geithner said in an interview with NBC/CNBC.
“And they’ve shown a stunning lack of knowledge about basic U.S. fiscal budget math. And I think they drew exactly the wrong conclusion from this budget agreement,” Geithner said.
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