2 thoughts on “U.S. and States Prepare to Sue S.&P. Over Mortgage Ratings – NYTimes.com

  1. It will be interesting how this plays out. S&P may claim a suit is baseless, but aren’t they the benchmark that people compare other securities to in deciding whether to buy or sell, thus influencing its price? We know how the stock market crashed in ’29 and it essentially happened again in ’08, just in a more technologically advanced way. The difference is it was it involved houses and not as much banks. Someone please stop me if I’m talking out my ass, it’s only day 3 of business finance.

    • There is nothing new under the sun. I believe they (s&p) are at least partially responsible. I believe they also profited. Hopefully the judicial process will result in justice.

Leave a Comment

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s