WASHINGTON (AP) -- The Justice Department is investigating whether the Standard & Poor's credit ratings agency improperly rated dozens of mortgage securities in the years leading up to the financial crisis, The New York Times reported Wednesday.
The investigation began before Standard & Poor's cut the United States' AAA credit rating this month, but it's likely to add to the political firestorm created by the downgrade, the newspaper said. Some government officials have since questioned the agency's secretive process, its credibility and the competence of its analysts, claiming to have found an error in its debt calculations.
http://finance.yahoo.com/news/Report-Go … 52809.html
is this payback?
In light of the toilet paper S&P rated AAA l'd have thought it would be inevitable.
Americans think they can upgrade or downgrade other countries, but when it comes to them, they are unable to bear it. Because it is in USA, the S&P should keepup the ratings unchanged... the Americans think. This kind of selective upgrading and downgrading will help only for a short period. America cannot gain the lost glory any more. It should realise and conduct itself properly.
by Gary Anderson6 years ago
I have been watching the Yahoo boards and people are furious at the Republicans, especially the Tea Party. They are getting the lion's share of the blame for the debt downgrade. Here's why:1. Obama wanted a grand plan....
by Aficionada6 years ago
http://news.yahoo.com/p-reconsidering-u … 07261.html"The United States lost its top-notch AAA credit rating from Standard & Poor's on Friday in an unprecedented reversal of fortune for the world's...
by Doug Hughes2 years ago
A moderate hubber whom I respect challenged the term 'terrorist' when applied to Congresscritters of the Tea Party persuasion.There's an article on terrorism from which I quote....
by American View6 years ago
Could this be how their first meeting went?
by andycool6 years ago
Finally S&P downgraded US long term credit rating by 1 notch... to AA+ from AAA. That implies an effective downgrade of the global economy with China and Japan holding a large share of US Treasury Bonds. What's...
by Scott Bateman4 months ago
It was allegedly because of the Clinton email investigation, which Trump had previously let go. We'll see if it ends the FBI investigation into Flynn and other Trump campaign connections with...
Copyright © 2017 HubPages Inc. and respective owners.
Other product and company names shown may be trademarks of their respective owners.
HubPages® is a registered Service Mark of HubPages, Inc.