The U.S. actually is closer to junk bond status than AAA if it were judged as a private company,...

|By:, SA News Editor

The U.S. actually is closer to junk bond status than AAA if it were judged as a private company, Dick Bove says: "You've got a company which is losing about $1.4T this year [and] owes $14.4T... There's no likelihood whatsoever that this particular company is able to pay down from its own resources the amount of debt that it has... If that was a real company, of course, that would be a junk bond."