Posted on 08/12/2011 7:21:28 PM PDT by Nachum
A shock investigation of possible insider trading at Standard & Poor's has reportedly begun, with the country still reeling from the rating agency's historic downgrade of U.S. debt. Authorities want to know who had prior knowledge of the decision, which sparked a wild week of trading on Wall Street that saw breathtaking losses and rapid rises. The Securities and Exchange Commission, which has oversight of credit rating firms, has started asking preliminary questions, the Financial Times reported. However, the regulator is not aware of a leak from an S&P insider,
(Excerpt) Read more at dailymail.co.uk ...
yep.
My first thought after reading the title
The Administration warned of an imminent downgrade, I think a day or two before it actually happened. It wasn’t exactly a secret.
Govt official: US expecting S&P downgrade
Great Reply!!
Still waiting to find out who shorted the US airlines just before 9/11 but I’m sure this downgrade thing is more important.
Yes, because the downgrade of our credit rating came as such a shock! /sarc The only thing that shocks me is that S&P didn’t downgrade us more.
Glad to see I’m not the only one who thinks this is 0’s retaliation at S&P for daring to defy him.
F’n with him an his every chance we get should be the plan of the day....
He has to go....2012 elections can’t come soon enough.
Doom on this administrations gangster goons.
More likely the Obamunists leaked it. I would start the investigation with Wonder Boy, Timothy Geithner.
I’m sure that S&P is hoping that the SEC sends those crack investigators over who investigated Bernie Madoff!
Truther?
I did read somewhere that people at S&P were telling their customers that the downgrade was coming. There was even speculation that the prior market crashes that week were due to the info leaking.
I don’t know how true that is. If there is any truth to it then they did do something wrong. But I don’t think anyone from the executive branch should have anything to do with the investigation. We need an independent prosecutor or inspector general do it.
Government corruption and intimidation from the bully pulpit first hand.
SEC (Congress created and has oversight of SEC) releasing the information of who shorted the airlines just before 9/11 would be easy since they already know who.
My guess would be big wigs in Saudi Arabia did the majority of shorting as it was no secret, but to the US public, a operation was in progress for months if not years to take out the buildings.
Alas, you don’t bomb the country that steadily feeds you oil. Better to keep it a secret (the ones who shorted airlines).
It’s like asking the driver of the Kenndy limo, why he veered (abruptly turned right)from the original planned route? We really don’t want to know why so don’t ask him.
Even Snopes call BS on this one.....DU loves it though.
Our federal govenment has decided to target and pressure the last objective analyst of its agenda and performance.
The end is near.
Governments follow and react to the marketplace, their egos make them to stupid to plan ahead further than the next election(s).
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.