Monday, February 04, 2013

S&P To Face Charges From States, U.S. Over Wrongdoing Before Financial Crisis: Report


With the Feds looking the other way on pretty much all malfeasance Wall Street and the Financial sector has engaged in since 2001, I am confident these charges are payback for the downgrade of the US Credit Rating by S&P. I knew they weren't going tp skate on such a damaging move, and with more economic brinksmanship from the Republicans down the road, it is difficult to see this as anything but a shot across the bow of the ratings agencies.



You simply don't mess with the full faith and credit of the US, and walk away unscathed. No way.
Read the Article at HuffingtonPost

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