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

By FunTime   2013 Feb 4, 6:14am   ↑ like   ↓ dislike   687 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.

Comments 1-5 of 5     Last »

1   FunTime   2013 Feb 4, 6:32am  ↑ like   ↓ dislike   quote   top   bottom   home   share  

Thanks. Looked and didn't see it.

2   FunTime   2013 Feb 4, 6:33am  ↑ like   ↓ dislike   quote   top   bottom   home   share  

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

3   RealEstateIsBetterThanStocks (23/23 = 100% civil)   2013 Feb 4, 7:58am  ↑ like (1)   ↓ dislike   quote   top   bottom   home   share  

why so long after the crisis?

4   RealEstateIsBetterThanStocks (23/23 = 100% civil)   2013 Feb 4, 8:07am  ↑ like   ↓ dislike   quote   top   bottom   home   share  

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   2013 Feb 4, 8:11am  ↑ like (1)   ↓ dislike   quote   top   bottom   home   share  

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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