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

THE_LIGHT

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

August 18, 2011, 02:35:56 AM

U.S. Inquiry Is Said to Focus on S.&P. Ratings (Published 2011)

http://www.nytimes.com/2011/08/18/business/us-inquiry-said-to-focus-on-s-p-ratings.html

The Justice Department is investigating whether Standard & Poor’s rated mortgage securities improperly leading up to the financial crisis.
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Shpira

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August 18, 2011, 05:46:39 AM

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?

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