China may be wagging its collective finger at our financial difficulties, but China has huge problems of its own
. So do many other nations. This fact gave me a great idea as to how we can repair the damage done by S&P's downgrade of U.S. Treasury yields.
All we need do is repackage U.S. Treasuries, mix in a whole bunch of currencies like the peso and the ringgit -- for exotic flavoring, y'know? -- and then create a completely new CDO. But call it something else. The result can then be re-rated AAA.
What could go wrong?