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Justice Dept. Investigating S.&P. Over Mortgages (Payback Time)
ny times ^ | 8/17/2011 | Louise Story

Posted on 08/17/2011 7:15:40 PM PDT by tobyhill

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Didn't the Bush administration tell them that they needed to stop the issuing of all these worthless loans?
Isn't this the Bwaney Fwank and Chris Dodd fiasco coming back to roost?
Shouldn't we bundle them up in the same lawzoot?
21 posted on 08/18/2011 5:06:21 AM PDT by evad (Obama needs to show us his green card)
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To: tobyhill

This was the main headline on Drudge earlier this morning, but has now completely disappeared, even from the “recent Drudge headlines” link. hmmm...


22 posted on 08/18/2011 6:12:24 AM PDT by Aunt Polgara
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To: belzu2010
Good morning.

S&P has the right of free speech, so it should be able to say whatever it pleases, without interference from the government. They haven't "threatened" the US with anything other than the truth about the nation's financial condition - which is far worse than even S&P admits to.

If you are concerned about actual threats being made by a foreign entity, I would suggest that this be at the top of your list: China must punish US for Taiwan arm sales with 'financial weapon'

Long story short, if telling the truth constitutes a "threat", the problem lies not with the truth-teller but with the underlying situation (in this case the US' financial condition) that makes it so.

If the leaders of this country were not borrowing and spending addicts, S&P could not hurt us no matter what it did. It's time to stop killing messengers and confront the real problem: we spend too much money.

23 posted on 08/18/2011 8:14:59 AM PDT by icanhasbailout
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