U.S. Inquiry Eyes S.&P. Ratings of Mortgages

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  • THE_LIGHT
    MCast Resident DJ
    • Jun 2004
    • 720
    #1

    U.S. Inquiry Eyes S.&P. Ratings of Mortgages

    nytimes.com
    http://www.nytimes.com/2011/08/18/business/us-inquiry-said-to-focus-on-s-p-ratings.html
    Tags: None
    • Shpira
      Angry Boy Child
      • Oct 2006
      • 4969
      #2
      Re: U.S. Inquiry Eyes S.&P. Ratings of Mortgages

      Funny how it works...US debt gets downgraded and the SEC and DOJ bombard S&P with investigations...
      I always thought it peculiar how the whole rating system worked...US pays to get rated while all the "underdeveloped" countries such as Brazil don't pay anything...now I guess it just wasn't enough?
      The Idiots ARE Winning.


      "Whenever you find yourself on the side of the majority, it's time to pause and reflect."
      Mark Twain

      SOBRIETY MIX

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