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Justice Department Investigating S.&P. Over Mortgage Securities
- bugsy 15y agoYes, that should teach them a lesson.
- marcamillion 15y agoI am pretty sure I predicted this on another post, and was downvoted (ahh...here we go: http://news.ycombinator.com/item?id=2853293 http://news.ycombinator.com/item?id=2853293). I was wrong, not the US Treasury...but Justice department. Here goes a roller coaster.
- talbina 15y agoMaybe this will discourage executives from using the revolving door during their career progression: bank -> SEC -> S&P -> bank etc.
- zheng 15y agoDoesn't this quote say it all? "The investigation began before Standard & Poor’s cut the United States’ AAA credit rating this month"
- scottshea 15y agoI often wondered why Moodys, Fitch and S&P got away with the MBS issues. In some ways their failure there made me less concerned about the downgrade of the US debt. I mean, how authoritative could they be?