Senate Subcommittee Report Shows Ratings Agencies Willing To Be Defiled By...
Late last evening, Senator Carl Levin released a report of his investigation into the financial crisis entitled “Wall Street And The Financial Crisis: Anatomy Of A Financial Collapse.” The majority of...
View ArticleS&P Not Loving US’s Longterm Debt Outlook
Sayeth the ratings agency: Standard & Poor’s Ratings Services said today that it affirmed its ‘AAA’ long-term and ‘A-1+’ short-term sovereign credit ratings on the U.S. Standard & Poor’s also...
View ArticleOpinion: S&P Downgrade Was Just The Sort Of Tough Love The US Needs
“It’s a kick in the pants for authorities to now get their act together in terms of a coherent long-term deficit/debt plan,” said Alan Ruskin, global head of Group of 10 foreign- exchange strategy at...
View ArticleSo Standard & Poor’s Maybe Can’t Do Basic Math, So What?
Off by $2 trillion? NBD. A mathematical error discovered late Friday by Treasury Department officials threw into limbo, at least temporarily, plans by ratings firm Standard & Poor’s to downgrade...
View ArticleBill Gross Thrilled To See Standard And Poor’s Grow A Pair
As you may have heard, Standard and Poor’s knocked the US’s debt down to double-A plus from triple-A Friday evening. Several hours before it was made official, the ratings agency was notified their...
View ArticleS&P President: Maybe The Market Crash Was A Reaction To The Downgrade And...
The drop could be attributed to anything- The shit in Europe. Rex Ryan’s tattoo. The god damn heat (and SACs busted AC). You have no idea. Deven Sharma said the drop in markets Monday was not...
View ArticleMichael Moore Demands Justice
[via WT] Continue reading »Follow Dealbreaker on Twitter or become a fan on Facebook.Tags: downgrades, guts, Michael Moore, Obama, okay but if he doesn't please shout at them through your megaphone...
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Controversial New Theory: S&P Got A Few Ratings Wrong
One day – one day soon – the Justice Department will sue S&P for mis-rating a bunch of CDOs, and when that happens let’s all read the complaint and then meet back here to discuss it, okay?...
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Fitch, Moody’s, S&P Were Quite Obviously Pulling A Jimmy Cayne For Most Of...
The liquidators want $1 billion for investors and the name of the rating agencies’ dealer for a friend. The liquidators of two Bear Stearns hedge funds filed a lawsuit on Monday against the three major...
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S&P Looking Forward To Facing Three Fewer MBS-Rating Lawsuits In 2015
The DoJ may not be dealing, but the SEC and New York and Massachusetts AGs are feeling more reasonable this holiday season. Talks are fluid, but the pact under discussion involves a suspension of...
View ArticleSEC Suspends S&P For Being Bad
Standard & Poor’s will be suspended for a year from rating securities in the biggest piece of the commercial-mortgage bond market in a $60 million settlement with the U.S. Securities and Exchange...
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