Do not even begin to tell the truth about the financial situation of the United States government if you work for the establishment.
Standard & Poor's parent McGraw Hill has announced that Deven Sharma will step down as president of S&P.
Under Sharma's watch S&P recently downgraded the debt of the United States government debt rating to AA+ from AAA. Now, Sharma is on his way out.
Sharma will step down from his role as president on Sept. 12 and will leave the firm at the end of the year, McGraw-Hill said.
Sharma will be replaced by a mainline bankster, Douglas Peterson, former COO of Citigroup.