S&P To Face Charges From States

[RightNorLeft]

This may get real interesting. Standard and Poor the gold standard of rating organizations my get busted for defrauding America.


Federal and state prosecutors intend to bring civil charges against Standard & Poor's for wrongdoing in its rating of mortgage bonds prior to the 2008 financial crisis, The Wall Street Journal said on Monday, citing people familiar with the matter.


S&P To Face Charges From States, U.S. Over Wrongdoing Before Financial Crisis: Report

 

[Mad Scientist]

"Civil Charges" means it will be against the Company NOT any Individual so there will be no "Perp Walk". They'll pay a large fine and get a slap on the wrist as a warning not to downgrade US Debt.

That's all.