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


By FunTime   Follow   Mon, 4 Feb 2013, 2:14pm   262 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


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    1   2:32pm Mon 4 Feb 2013   Share   Quote   Permalink   Like   Dislike  

    Thanks. Looked and didn't see it.

  2. FunTime


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    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


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    3   3:58pm Mon 4 Feb 2013   Share   Quote   Permalink   Like (1)   Dislike  

    why so long after the crisis?

  4. Mark D


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    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


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    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.

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