Ratings agency Standard & Poor's is being investigated by the U.S. Justice Department for allegedly overrating mortgage-backed securities, whose meltdown led to the 2008 financial crisis, according to two sources with knowledge of the investigation.Yeah, sure, these investigations have supposedly been going on for months. But the timing of the public announcement is anything but coincidental.
Given the wholesale looting of the economy by the banksters, there should have been enough criminal prosecutions going on that the Bureau of Prisons should have hand to begun a crash building program. That there has been damned few such prosecutions to date speaks more of the both the pussies in the Obama Administration and the tentacles that the banksters have into the government.
2 comments:
I'm waiting for evidence that the downgrade was paid for by the Tea Party, or some such group of assholes.
I've been wondering if S&P, seeing the investigation closing in on it, told the Feds that if they didn't shut down the investigation, S&P would downgrade the US rating.
At which point, Obama told them to suck it.
Then again, I'm a conspiracy nut.
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