Justice prepares civil suit against S&P over grading of financial products befor

By FunTime   follow   Mon, 4 Feb 2013, 6:14am PST   ↑ Like   ↓ Dislike   513 views   5 comments   Watch (1)   Share   Quote  

http://www.washingtonpost.com/business/economy/justice-prepares-to-file-civil-lawsuit-against-sandp-over-alleged-misgrading/2013/02/04/e3605b5e-6eff-11e2-ac36-3d8d9dcaa2e2_story.html?source=Patrick.net

Pedestrians pass in front of the New York Stock Exchange (NYSE) in New York. The Justice Department is preparing to file a civil lawsuit against the ratings agency Standard & Poors centered on the companys alleged misgrading of complex financial products at the heart of the financial crisis.

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FunTime   befriend (2)   ignore (1)   Mon, 4 Feb 2013, 6:32am PST   Like   Dislike     Share   Quote   Comment 1

Thanks. Looked and didn't see it.

FunTime   befriend (2)   ignore (1)   Mon, 4 Feb 2013, 6:33am PST   Like   Dislike     Share   Quote   Comment 2

I posted the Washington Post article, so slightly different even if AP.

Mark D   befriend (0)   ignore (1)   Mon, 4 Feb 2013, 7:58am PST   Like (1)   Dislike     Share   Quote   Comment 3

why so long after the crisis?

Mark D   befriend (0)   ignore (1)   Mon, 4 Feb 2013, 8:07am PST   Like   Dislike     Share   Quote   Comment 4

KarlRoveIsScum says

because of S&P downgrades

i was expecting underwater man to come in here and say that but you did it.

FunTime   befriend (2)   ignore (1)   Mon, 4 Feb 2013, 8:11am PST   Like (1)   Dislike     Share   Quote   Comment 5

Mark D says

why so long after the crisis?

It will get less attention from large numbers of people who could decide to take money out of the lending pool, but that amount of money has to be sought at some point.

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