It may be possible to reverse a downward economic trend by examining the issues and then taking action.
First, is it possible that in downgrading the U.S. credit rating, Standard and Poor's is trying to reclaim its reputation after having backed so many of the junk bonds that led to the 2008 financial collapse?
The downgrade will raise credit fees, which could be highly profitable for some lenders. So whose side is S&P on?
Hilda Coyne, BaltimoreCopyright © 2015, The Baltimore Sun