S & P Under Criminal Investigation

of course they are......S&P f'd up

If you challenge the king, be prepared to kill him

"If you challenge the king, be prepared to kill him"

I love this. So true.

We pretend not to be an authoritarian society but we really are. Freedom for all, unless you criticize the government.

This is a quote from the article: "The investigation began before Standard & Poor’s cut the United States’ AAA credit rating this month ..." So, if anything, S & P's downgrade was a reaction to the government investigation, not the other way around. Also, S & P and other rating agencies were sued many years ago in civil actions by investors saying the rating agencies hid the risk, so it is completely plausible that such allegations sparked a government investigation.

This story apparently as leaked to the times by the government. There are no named sources, so very suspicious over the claims of timing.

Odd that MidtownerVirgin is coming to the defense of S&P.