HomeNewsWorldS&P's move, terrible error of judgement: Timothy Geithner

S&P's move, terrible error of judgement: Timothy Geithner

US Treasury Secretary, Timothy Geithner hit back at S&P today. Speaking to CNBC's John Harwood, Geithner said the S&P's move was a terrible error of judgement and reflected utter lack of knowledge on part of the rating agency.

August 09, 2011 / 09:09 IST
Story continues below Advertisement

Your browser doesn't support HTML5 video.

The unexpected Standard and Poor's US downgrade sent economies across the world into frenzy. Panic selling globally pulled down markets even as experts criticized the untimely and unwarranted move by S&P.


US Treasury Secretary, Timothy Geithner hit back at S&P today. Speaking to CNBC
first published: Aug 8, 2011 10:14 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!