Faber: U.S. Deserves Junk Credit Rating

Wednesday, 10 Feb 2010 05:34 PM
By: Dan Weil

Investment guru Marc Faber says the U.S. deserves to see its triple-A credit rating replaced with a junk designation.

Moody’s Investors Service warned last week that the U.S. could suffer a rating downgrade unless economic growth exceeds expectations or the government shows more willingness to reduce the budget deficit.

Treasury Secretary Tim Geithner said over the weekend that the U.S. will never lose its triple-A rating.

“I wouldn’t listen very much to the Treasury Secretary,â€