Colbert Scoffs At ‘Moody’ And ‘Elitist’ Credit Rating Agencies

Stephen Colbert
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Americans are breathing a sigh of relief, Stephen Colbert says, now that the debt ceiling deal is done.

“It may have been a painful, drawn out process, but at least the economy is saved,” Colbert said Tuesday night.

But wait! Despite the debt deal, the Dow Jones Industrial Average on Tuesday closed down more than 200 points. And while Moody’s and Fitch have maintained the United States’ AAA credit rating, threats of future downgrade remain.

“So, these unelected elites get to wave their Wall Street wand and tank our economy?” Colbert said. “Why? They’re not special, they’re not rich. They’re standard and poor. No wonder they’re so moody.”

Watch the video:

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