Words of Advice:

"We have it totally under control. It's one person coming from China. It's going to be just fine." -- Donald Trump, 1/22/2020

“We will not see diseases like the coronavirus come here..and isn't it refreshing when contrasting it with the awful presidency of President Obama."
-- Trump Press Secretary Kayleigh McEnany, 2/25/20

"I don't take responsibility for anything." --Donald Trump, 3/13/20

"If Something Seems To Be Too Good To Be True, It's Best To Shoot It, Just In Case." -- Fiona Glenanne

"Flying the Airplane is More Important than Radioing Your Plight to a Person on the Ground Who is Incapable of Understanding or Doing Anything About It." -- Unknown

"There seems to be almost no problem that Congress cannot, by diligent efforts and careful legislative drafting, make ten times worse." -- Me

"What the hell is an `Aluminum Falcon'?" -- Emperor Palpatine

"Eck!" -- George the Cat

Friday, November 20, 2009

Muwha-ha-HA!

Oh, yeah!
The attorney general of Ohio sued the country’s largest credit rating agencies on Friday, alleging that they had cost state retirement and funds some $457 million by approving high-risk Wall Street securities that went bust in the financial collapse. The case could test whether the agencies’ ratings are constitutionally protected as a form of free speech.

The lawsuit asserts that Moody’s, Standard & Poor’s and Fitch were in league with the banks and other issuers, helping to design an assortment of exotic financial instruments that led to a disastrous bubble in the housing market.
This could be fun to watch.

Pass the popcorn.

(H/T)

2 comments:

montag said...

This is a civil suit and the Moody Fitches assert they were giving opinions and can say whatever they want. But what they were saying was flat out fraudulent and they knew it, you would have to be 3 days dead not to know it, so why aren't they in a criminal court?

Comrade Misfit said...

Civil suits are easier to prove.