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S&P Lowered Standards on Ratings, SEC Says


Business  (tags: Standard Poors Bond Rating Service, economy, ethics, dishonesty, marketing, business, usa, SEC, New York, Massachusetts, financial crisis, DOJ, fines, suspension )

Lynn
- 1522 days ago - wsj.com
Standard & Poor's Ratings Services softened standards to win business and misled investors long after the end of the 2008 financial crisis, regulators said Wednesday as they announced a settlement over the firm's bond-grading methods.



   

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Comments

Lynn Squance (235)
Wednesday January 21, 2015, 11:27 pm
This is a start but so much more needs to happen with the big banks and rating agencies like S&P all trying to keep their inflated business and scams alive. This is why the US needs Elizabeth Warren in the US where she can put her claws into these practices.
 

Birgit W (160)
Thursday January 22, 2015, 1:55 pm
Thanks for sharing Lynn.
 

Roger G (148)
Thursday January 22, 2015, 2:39 pm
noted, thanks
 

Lois Jordan (63)
Thursday January 22, 2015, 3:08 pm
Noted. Thanks for posting, Lynn. Yes, I agree it is a start. Cheaters and their scams are destroying so much and too many. Where is the jail time for these thieves?
 

. (2)
Friday January 23, 2015, 3:24 am
arigato
 

William Moorman (22)
Friday January 23, 2015, 5:44 am
Nothing new in Washington
 

Winn A (179)
Friday January 23, 2015, 7:48 am
Absolutely agree - America needs Elizabeth Warren!
 

Roslyn McBride (28)
Friday January 23, 2015, 1:19 pm
Noted
 

Jack B (313)
Friday January 23, 2015, 6:45 pm
Thanks and noted
 

arnold B (12)
Saturday January 24, 2015, 2:33 pm
noted
 
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