What would happen if as a result of this attempted shakedown, all these “ratings Agencies” just FLAT OUT REFUSED TO RATE ALL GOVERNMENT DEBT?? Which is precisely what they should do IMMEDIATELY. Watch this lawsuit evaporate post haste.
You can take the thug out of Chicago, but you can’t take Chicago out of the THUG.
You can take the thug out of Chicago, but you can’t take Chicago out of the THUG.
Almost right. Just issue a statement:
“Given that the United States Government is in a judicial conflict with Standard and Poor’s over our rating services, it is a conflict of interest for us to continue rating the Bonds of the United States and associated entities, such as Fannie Mae, Freddie Mac, or Sallie Mae, and similar, until all legal issues are resolves. Standard and Poor’s also withdraws all ratings of these issues until resolved.”
And then see if ANYONE buys . . .