Analysis - U.S. lawsuit casts a pall over S&P

Comments (2)

Wow!! Justice works after all !!! Bravo DOJ!!!

Feb 05, 2013 10:33pm EST  --  Report as abuse
Yamayoko wrote:

S&P should vigorously defend this litigation. Nobody could have foreseen the downfall of Baring and Lehman Bros. for the sake of a crazy dealer just as George Bush could not foretell 9/11 was coming to U.S. Rating agencies don’t have a crystal ball to tell when market would be manipulated to crash. Lack of foresight isn’t fraud.

The Fed agency is just laying blame on handy scapegoat rather than working hard to single out real culprits leading to 2008 property crisis. It should instead conduct a market overhaul.

Feb 06, 2013 5:43am EST  --  Report as abuse
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