Stewart on S&P: Are You Effing Serious?

Exodus to 'freshly downgraded Treasuries' stuns Daily Show host
By Rob Quinn,  Newser Staff
Posted Aug 9, 2011 5:43 AM CDT

(Newser) – Jon Stewart was left dumbfounded by Standard & Poor's downgrading of America's credit rating, not so much by the rationale behind leaving the US with worse credit than Finland, Australia, Singapore, and even the Isle of Man, but by the reaction of financial institutions: "Flushing their money out of stocks like shit from a caffeinated goose" and investing in freshly downgraded US Treasury bonds.

"Are you effing serious?" the Daily Show host wondered. "You burn our effing house down, and then you have the balls to come over and go 'Hey, is your basement still standing? You mind if I put my money there for a little bit, just until I can find a nicer place for it to live?' Between you and me, Singapore's looking pretty nice this time of year."

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