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downgradepocalypse

S&P Head Stepping Down

Standard & Poor's president Deven Sharma has announced he will give up his post, citing reasons that predate the recent tumult at the credit ratings agency. He won't actually leave until the end of the year, probably because he hopes to take that giant golden "A" home as a fun souvenir once the Justice Department's attention starts to wander. [DealBook/NYT]

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