Skip to comments.SEC Reviewing S&P Handling On Downgrade
Posted on 08/15/2011 8:51:59 PM PDT by edpc
WASHINGTON (Reuters) - Examiners at the Securities and Exchange Commission are checking to ensure that Standard & Poor's followed all of its policies leading up to its downgrade of long-term U.S. debt, according to people familiar with the matter.
Compliance, Inspections and Examinations is part of its new authority under the Dodd-Frank Wall Street overhaul law.
Among other things, the law gives the SEC the power to continuously monitor credit-rating agencies and conduct annual inspections at each firm.
(Excerpt) Read more at finance.yahoo.com ...
It just couldn’t be Obama’s fault.
Will they be doing this in between looking and downloading from porn sites like that one guy who was found to have thousands of pics and videos?
Are they going to review the credit agencies that DIDN’T downgrade the US?
They’re looking for the Smoking Gun that spells out “Tea Party”.
Looks like Barry's good old boys anticipated these downgrades coming along. They created "laws" to protect their own asses. This "law" had nothing to do with Wall Street.
I assume that this investigation shall be conducted in between their internet porn viewing sessions.
What else would you expect from the O Nothing Administration?
I thought they were reviewing Texas A&M as a potential member of the conference. They sure are stepping it up a notch! ;)
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