TOP NEWS
By LOUISE STORY
The Justice Department is investigating whether Standard & Poor's rated mortgage securities improperly leading up to the financial crisis.
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Really.
What a surprise.
The U. S. Government has protected so many of the past indiscretions of S&P that it’s hard to count them all. Until of course S&P recently took on the federal government and appropriately downgraded its credit rating.
Oops!
It’s not nice to fool with the U. S. Government!
Take a look on YouTube at the documentary called Inside Job. It’s all explained very clearly there.
It’s a shame that it took an act of pure revenge on the part of the Obama administration to surface the obvious wrong-doings of a credit rating agency that ultimately caused a major part of the economic meltdown in this Country five years ago.
Better late than never? To tell you the truth, I really don’t know any more.
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