Former Mayor Ed Koch today sent a letter to Standard & Poor’s, asking their chairman to respond to the widespread criticism his credit rating agency is coming under.
“Your downgrading of the U.S. debt has been characterized as causing the loss of $2 trillion in the collective wealth of Americans, affecting fixed income people, and endangering the retirements of millions of Americans.
“What say you to these attacks on your integrity?”
A copy of Koch’s letter is below. Read More