I wonder if this suit/settlement has anything to do with the recent “revenge” suit by the DOJ over the downgrade to US Tsy debt.
This suit has merit, IMO. S&P routinely overstated the quality of subprime tranches of mortgage debt and this was a big contributor to loan problems circa 2007. EVEN THOUGH S&P ratings are specifically “use at your own risk”. Overpaid idiot bureaucrats with little or no financial acumen glance at them and make snap judgements all the time.
They are protecting US from THEM..
....WAIT!....
How sure are we that this is not payback for giving the USA debt a ratings downgrade?
$1.5 billion? that it??
that’s nothing.
we paid the taliban $5 BILLION to get back a traitor
(how many American men and women do you think will be maimed or killed by that money?)
Just another shakedown by the lawless federal government. This is why we lose jobs every month. Companies are moving out to avoid the protection racket thugs.