January 11, 2008 (LPAC)--In a pre-emptive defense of fascist Michael Bloomberg's campaign for President, on a "platform" of unity and brutal economic austerity, Moody's Investors' Service threatened on Jan. 10 to downgrade the sovereign credit of the United States. This, from a ratings agency which was paid by banks and other Wall Street firms to wildly overrate mortgage-backed securities (MBS) and the rest of the alphabet-soup of toxic trillions of dollars worth of investment vehicles belonging to investment banks and hedge funds, which have now caved in and thus crashed the financial system!

Moody's, which is significantly owned by the Berkshire Hathaway Corp. of multi-billionaire investor, Warren "Bet Against the Dollar" Buffett, warned that the United States government could lose its top-notch triple-A credit rating, unless it takes radical action to cut healthcare and Social Security spending--just exactly as demanded a week ago by Bloomberg, and the posse of "above-parties" corporatists who met with him at an Oklahoma University event Jan. 5-6 to pump up his looming Presidential campaign.

In its annual report on the United States, Moody's says that "The combination of the medical programs and Social Security is the most important threat to the triple-A rating over the long term." Reporting on Moody's outrage, The City of London's Financial Times delivers the message to "both the Republican and Democratic parties to sharpen their focus on healthcare and pensions in the run-up to November's Presidential elections."

Moody's own rating and corporate reputation is "under the weather" due to the contagion of so many "triple-A" financial entities and other firms that went rotten since July 2007. As such, the firm is under investigation by the Securities and Exchange Commission, and by the Senate Banking Committee, for faking these ratings, and has just had to lay off 275 of its employees.

If Moody's is now trying to be an armor-bearer for Michael "Mussolini" Bloomberg, those investigations need to be made urgent, to get to the punishment phase.