U.S. Treasuries could be rated ‘junk’ in August: Fitch | Economy | Financial Post   Leave a comment

The role that governance plays in our organizations , Institutions and Governments  is under estimated Not only should there be benefial rules but also well defined roles of the representative leadership of the members and stakeholders. In the current case of the US debt ceiling negotioations this model of governance is being put to a key test of its efficiency and effectiveness of its leadership, neotiatiating and decision making abilities.

   “The idea of a brief U.S. default, sometimes called a technical default, has been growing among some members of the Republican Party, who believe it would be an acceptable price to pay if it forces the White House to deal with runaway spending.

Even a so-called ’technical default’ would suggest a crisis of ’governance’from a sovereign credit and rating perspective,” Fitch said in a statement.” ”

via U.S. Treasuries could be rated ‘junk’ in August: Fitch | Economy | Financial Post.

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Posted July 16, 2011 by arnoneumann in Governance, USA

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