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>If your conspiracy theory were true, then why would S&P be rating the US Treasury at anything other than AAA? do you really think that the US Treasury buys t
by VladRussian 15y ago
>If your conspiracy theory were true, then why would S&P be rating the US Treasury at anything other than AAA?
do you really think that the US Treasury buys the rating like mortgage bond junk issuers?
http://en.wikipedia.org/wiki/Bond_credit_rating#Criticism http://en.wikipedia.org/wiki/Bond_credit_rating#Criticism
"Starting in the early 1970s, the "Big Three" ratings agencies (S&P, Moody's, and Fitch) began to receive payment for their work by the securities issuers for whom they issue those ratings, which has led to charges that these ratings agencies can no longer always be impartial when issuing ratings for those securities issuers."