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AnnaLee

(1,267 posts)
3. Owned by Hearst Corp
Wed Aug 2, 2023, 01:19 PM
Aug 2023

Fitch is inexplicably issuing this downgrade when the economy of the US appears to be better than expected. Meanwhile the indictments also, coincidentally, are coming down at the same time. I, naturally, wondered who owned Fitch, as I also wonder such things when powerful influencers do strange things.

So, you experts out there, can rating agencies use their arbitrary power to try to crash the economy in order to protect goodies like tax rates and other business possibilities in a second term of, possibly, unimpeded Democratic governance?

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