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

By FunTime   Follow   Mon, 4 Feb 2013, 2:14pm   192 views   5 comments
In San Francisco CA 94107   Watch (1)   Share   Quote   Permalink   Like   Dislike  

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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1. FunTime Follow Befriend (3) 38 threads 801 comments San Francisco, CA

   1   2:32pm Mon 4 Feb 2013   Share   Quote   Permalink   Like   Dislike   Thanks. Looked and didn't see it.

2. FunTime Follow Befriend (3) 38 threads 801 comments San Francisco, CA

   2   2:33pm Mon 4 Feb 2013   Share   Quote   Permalink   Like   Dislike   I posted the Washington Post article, so slightly different even if AP.

3. Mark D Follow Befriend 64 threads 490 comments Simi Valley, CA

   3   3:58pm Mon 4 Feb 2013   Share   Quote   Permalink   Like (1)   Dislike   why so long after the crisis?

4. Mark D Follow Befriend 64 threads 490 comments Simi Valley, CA

   4   4:07pm Mon 4 Feb 2013   Share   Quote   Permalink   Like   Dislike   KarlRoveIsScum says because of S&P downgrades i was expecting underwater man to come in here and say that but you did it.

5. FunTime Follow Befriend (3) 38 threads 801 comments San Francisco, CA

   5   4:11pm Mon 4 Feb 2013   Share   Quote   Permalink   Like (1)   Dislike   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.