C-SPAN Sunday at 1:30pm (NY): Credit Rating Officials (inc. S&P Pres Deven Sharma)

[ProgressiveEconomist]

“Credit Rating Agencies and 2010 Financial “Financial Regulations Law
JUL 27, 2011 hearing of the House Committee on Financial Services | Oversight and Investigations subcommittee

1 hour, 31 minutes

Credit rating agency officials testified on the impact on credit rating agencies of oversight imposed upon them in the 2010 financial regulations law. They also answered questions about the possible downgrading of the U.S. government's credit rating if Congress and President Obama did not make progress in the current debt ceiling and budget deficit reduction debate.”

http://www.c-spanvideo.org/program/Subcm

http://www.c-spanvideo.org/schedule

[ProgressiveEconomist]

1. If you missed today's rebroadcast, watch the hearing online at the first LINK

online at the first LINK in the OP.

IMO it seemed as if Deven Sharma was trying to give S&P a competitive advantage over Moody's and Fitch by seeming to be stricter and more stern than the competition.

Do you ee any sign from this July 27th testimony that S&P would downgrade US credit the following week?