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See other Business/Finance ArticlesTitle: "It would no doubt come as some surprise to many … that S&P's repeated assurances that its ratings were objective … were entitled to no more weight than an infomercial hawker's claim that his knife will outlast any other,"
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"It would no doubt come as some surprise to many … that S&P'
URL Source: http://www.alternet.org/civil-liber ... l-16-year-old-they-gunned-down
Published: May 20, 2013
Author: gg
Post Date: 2013-05-20 23:51:55 by tom007
Keywords: None
Views: 11
10:18 PM "It would no doubt come as some surprise to many … that S&P's repeated assurances that its ratings were objective … were entitled to no more weight than an infomercial hawker's claim that his knife will outlast any other," the Justice Department says, referencing S&P's (MHFI) assertion that because statements about the independence of its ratings were described as "mere puffery" in a previous judgement, they can't form the basis for a lawsuit. The Justice Department asked a federal judge to allow a suit against the ratings agency to move forward Monday, after S&P filed for dismissal last month. Comment! Post Comment Private Reply Ignore Thread
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