The S+P better watch out - or it might find itself getting nationalized in the interest of “fairness and balance”.
“The S+P better watch out - or it might find itself getting nationalized in the interest of âfairness and balanceâ.
You think you are kidding
http://www.nypost.com/p/news/business/obama_be_careful_what_you_ask_for_cf8E6nAR4MaP3tLZpmR4CK
“Right before the 2008 election, President Obama said he’d put the credit rating agencies like S&P under federal oversight if he became President. Why?
Because S&P, Fitch and Moody’s had not done their job when it came to policing the mortgages that Wall Street had bundled into securities and sold to the public.
So it must have been rather humorous when the President and his henchmen spent most of Friday begging S&P not to take from the US the highest rating available. “