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To: mountainlion
S&P is owned by McGraw Hill, an old technology publishing house.

They do magazines.

Take a look at their board members then make your judgment on the utility of their opinions on US Government securities.

I posted that information several days ago ~ I don't trust them.

6 posted on 07/27/2011 6:56:29 AM PDT by muawiyah
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To: muawiyah

Quote from InsureReinsure.com: “Senator Charles Shumer reportedly commented that although “the SEC doesn’t name names, these findings show searing abuse by the rating agencies” and suggested that the next appropriate step was the filing of enforcement actions.”

The ratings agencies are under the Federal gun. They’re going to say whatever will save their hides.


7 posted on 07/27/2011 7:01:55 AM PDT by July4 (Remember the price paid for your freedom.)
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