The Disease Management Care Blog hopes that when this interview was recorded, Treasury Secretary Geithner was engaging in some "spin" for public consumption and didn't really discount the possibility of a rating agency downgrade when he was working behind closed doors at the White House:
While Standard and Poor's (S&P's) action has been called into doubt because of the agency's past gaffs, the DMCB points out that the mortgage backed security mess was a sin of omission. In other words, they missed the risk to investors. However, once they spot a risk, S&P doesn't have a reputation for unnecessary exaggeration. It remains to be seen if the markets to decide if the downgrade was a sin of commission.
Which brings the DMCB to the Affordable Care Act. Do the Adminsitration and its allies really believe this or is this some sort of spin also?
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