Tag Archives: Standard & Poor’s

Rating Agencies – Are you surprised? Look at Moody’s

Why is this such a surprise to many. Rating agencies are paid by the companies they rate and are therefore eager to please, the better the rating the higher the fee. Shocked? Are you awake now. The system is broken … Continue reading

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Is S&P target of Justice probe – Is it retaliation for downgrade

The Justice Department is allegedly investigating the credit rating agency Standard & Poor’s for its ratings of mortgage related securities. S&P, along with rating agencies Moody’s and Fitch, have been widely blamed for helping to inflate the housing bubble that … Continue reading

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