Thursday, August 18, 2011

S&P gave America a spanking...

and America, just as any other well-adjusted spoiled brat, is contemplating patricide.
Justice Dept Investigating S&P Over Mortgages
by GlowNZ
Excerpt:
The Justice Department is investigating whether the nation’s largest credit ratings agency, Standard & Poor’s, improperly rated dozens of mortgage securities in the years leading up to the financial crisis, according to two people interviewed by the government and another briefed on such interviews.
Read more at:
http://www.dailykos.com/story/2011/08/17/1008097/-Justice-Dept-Investigating-SP-Over-Mortgages?via=siderecent

As always,
BB

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