Who can solve this mystery?

The Feds are preparing to sue Standard & Poor’s for issuing overly optimistic credit ratings on mortgage-backed securities prior to the 2008-2009 financial collapse.

<blockquote>Many details of the looming enforcement action couldn’t be immediately determined, such as why prosecutors are zeroing in on S&P rather than rivals Moody’s Corp. MCO -1.68%and Fitch Ratings</blockquote>

Gee, I think I know: S.& P. Downgrades Debt Rating of U.S. for the First Time

Update: the WSJ catches up with your humble correspondent.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s