US Government to sue S&P over the mortgage crisis

[Altimadark]

Story: Standard & Poor's expects lawsuit over subprime ratings

I think it goes without saying that the lawsuit is rife with bogons.

When I first noticed this article, I thought the US Govt was trying to sue the S&P for downgrading their credit rating. Wouldn't surprise me if the Justice Dept brings it up in the lawsuit.

[Goaticus]

Story: Standard & Poor's expects lawsuit over subprime ratings

I think it goes without saying that the lawsuit is rife with bogons.

When I first noticed this article, I thought the US Govt was trying to sue the S&P for downgrading their credit rating. Wouldn't surprise me if the Justice Dept brings it up in the lawsuit.

I doubt the Justice Department will bring up the downgrading of the U.S.'s credit rating, but I'm sure it's the reason for the suit.

[R.E.H.W.R.]

Wasn't the government just as at fault for the mortgage crisis?

[Ibrahim90]

Wasn't the government just as at fault for the mortgage crisis?

hell, they were more so: who do you think gave Fannie and Freddie their "jobs"?

[R.E.H.W.R.]

hell, they were more so: who do you think gave Fannie and Freddie their "jobs"?

So this is love canal all over again.