Story: Standard & Poor's expects lawsuit over subprime ratings (http://www.bbc.co.uk/news/21331018)
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.
Quote from: Altimadark on February 05, 2013, 12:07:33 AM
Story: Standard & Poor's expects lawsuit over subprime ratings (http://www.bbc.co.uk/news/21331018)
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.
Wasn't the government just as at fault for the mortgage crisis?
Quote from: R.E.H.W.R. on February 06, 2013, 12:24:32 AM
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"?
Quote from: Ibrahim90 on February 06, 2013, 01:27:44 AM
hell, they were more so: who do you think gave Fannie and Freddie their "jobs"?
So this is love canal all over again.