Thursday, August 18, 2011

Nice Rating Agency You Have There

Shame if anything happened to it.:
The Justice Department is investigating whether the nation’s largest credit ratings agency, Standard & Poor’s, improperly rated dozens of mortgage securities in the years leading up to the financial crisis
Yeah, downgrade me, I investigate you.
The investigation began before Standard & Poor’s cut the United States’ AAA credit rating this month
Sure it had, but payback is hell. H/T Drudge


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