Zings Of The Day, August 8, 2011

The U.S. Treasury pointed out a $2 trillion mistake that S&P made in assessing the U.S. credit, and ultimately downgrading it to AA+. Glad to see none of these guys passed basic arithmetic and they are rating government debt.

45,000 workers at Verizon Communications (NYSE: VZ) went on strike yesterday after failing to come to a deal on health care and other parts of their contract. Can you hear me now? No. We're on strike.

American International Group (NYSE: AIG) sued Bank of America (NYSE: BAC) today on over hundreds of mortgage-backed securities. Great. So the company that caused nearly took us down in 2008 is trying to take us down again in 2011.