Thursday, February 7, 2013

Federal government lawsuit against Standard and Poors

trying to revamp the agency which is seen as flawed.   We need the bond rating agencies, but the conflict of interest inherent is troubling.
http://www.washingtonpost.com/business/economy/four-years-later-reform-of-rating-agencies-bogs-down/2013/02/06/20be38a4-7095-11e2-ac36-3d8d9dcaa2e2_story.html

This article from USA today used a sausage analogy that was somewhat creepy....if you like sausage that is.   http://www.usatoday.com/story/money/business/2013/02/05/justice-states-sue-sp/1892647/

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