Tuesday, August 23, 2011
Exit the CEO of Standard & Poor’s
And all of this is totally unrelated to the recently announced Justice Department probe of S&P, which was in the works forever, and is absolutely not meant as any sort of government pressure against the only one of the Big Three credit agencies to apply reasonable standards to the ridiculously unsustainable debt load of our spendaholic government. No, that’s an investigation into the improper rating of mortgage securities, which led to the massive subprime crisis three years ago – in other words, a time when questionable ratings by S&P actually promoted disastrous Democrat financial policies.
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