S&P Downgrade Report

We should have known better than to think that the debt crisis came to a tidy conclusion with the reaffirmation of America's credit rating by two of the three major agencies last week. Thankfully, Standard & Poor's came along to humble us Friday evening with a downgrade of America's sovereign debt. In addition to the major effect this had on our egos, there was also the small matter of resulting political and market turmoil which our readers may be aware of by this point. To see the document that caused all of the fuss, visit S&P's website here.