Obama’s Justice Department Investigating S&P…
Payback.
(NYT) — The Justice Department is investigating whether the nation’s largest credit ratings agency, Standard & Poor’s, improperly rated dozens of mortgage securities in the years leading up to the financial crisis, according to two people interviewed by the government and another briefed on such interviews.
The investigation began before Standard & Poor’s cut the United States’ AAA credit rating this month, but it is likely to add fuel to the political firestorm that has surrounded that action. Lawmakers and some administration officials have since questioned the agency’s secretive process, its credibility and the competence of its analysts, claiming to have found an error in its debt calculations.
In the mortgage inquiry, the Justice Department has been asking about instances in which the company’s analysts wanted to award lower ratings on mortgage bonds but may have been overruled by other S.& P. business managers, according to the people with knowledge of the interviews. If the government finds enough evidence to support such a case, which is likely to be a civil case, it could undercut S.& P.’s longstanding claim that its analysts act independently from business concerns.
It is unclear if the Justice Department investigation involves the other two ratings agencies, Moody’s and Fitch, or only S&P.
Posted by ZIP on Thursday, August 18, 2011, at 11:18 am | 
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I am just going to assume the S&P is a bunch of Caucasians.
So who has the balls and the muscle to investigate the DOJ and the criminal in chief.
Very “historical” third world government we got here.
Why didn’t he just send some of his union goons over there. Hey, nice families you S&P guys got there. Be a shame if something happened to them.
Because anybody or any company that owes 15 trillion dollars is a excellent credit risk.
3 weeks later……… f-ing idiots.
He needs to find some cover from Fast and Furious.
Nope. Not. This. Time. Eric.
How about a Special Prosecutor to look into fast & Furious???
Too bad S&P didn’t have NBPP members in it’s group. I’d LOVE to see Erics head explode on that one!
And what about FAST & FURIOUS and the BATFE and their dirty secrets and the DEPT of INJUSTICE
Eric Holder looks like the elder Huxtable from “The Cosby Show.” He’s like an evil clone from a mirror universe, where instead of being a quality father figure with a successful doctor for a son and lawyer for a daughter-in-law, he’s actually a lifeless inhuman leech who wipes his @ss with the Constitution and farts in the face of individual liberties.
Ahhhh, selective investigations into what strikes his fancy to further his political agenda rather than investigating that more heinous crimes.
Just goes to show, if you pay off the criminals they will be back for more or they will destroy you if you impact their goals. S&P will rue the day they supported this Communist regime.
“Lawmakers and some administration officials have since questioned the agency’s secretive process, its credibility and the competence of its analysts, claiming to have found an error in its debt calculations.”
———-
Couldn’t the same observation be made about the Obama regime?
DOJ+ long knives of the Obama Mafia Family
@CASH
You beat me to the punch….
The S&P need to fast track El Shabibi bilibidyblobidy to the corner office ASAP and they’re home freee….
They must not of received their campaign donations yet.. besides their Racists.
Not voting for Perry and here is another reason why.. I know Zip you like him, but I have reservations about some of his connections ….
If someone can offer up a good reason Perry is in bed with these guys,I’m more then will to listen.
Thanks
Must not have received their campaign donations yet.
and they’re Racist.
What about the mortgages from Fannie and Freddie?
Eric Holder’s career is over in 2013. (if he can manage to stay out of prison)
Of course the investigation started before the downgrade – they damn well knew it was coming, and they were hoping that the threat of an investigation would head off a downgrade. And I will also bet that they did not find an error in calculation so much as they found they don’t like assumptions used in the model. Guarantee it.
Pretty soon we will be hearing about IRS investigations into the principals of the S&P.
Obama using the DOJ as Hitler used the SS.
I Love Alan West!
With this crew in the White House and DOJ the folks at S&P should take this as badge of honor
Hmmmm, why now all of a sudden? That was strange, the case just sat there until they lowered the US’s credit rating. When they helped to destroyed the value of everyone’s home, meh, who cares? Housing market? That shit’s for white people!
Eric the Red to the rescue…..despicable!
I feel sorry for you Americans. Why? Telling the truth about your selves has become a potential violation of American Dogma:
We are an Empire.
No one dare criticize us and gets away with it.
@SteveEdward
If we were an empire we’d have a much larger collection of shitty countries after we pulled their asses out of the fires they get themselves into. We’ve been the police force for Western Europe, Japan and South Korea which has allowed them to flourish and spend themselves into oblivion drifting farther and farther into socialism because they haven’t needed to spend money to defend themselves. And now they’re going broke….waaaaah.
Why, I bet you just love the Canadian medical system, don’t you? All that utopian government….it gives you time to be creative and write graphic novels for pothead layabouts to read in their parents basements while they wait for their government handouts and primp so they can go out and drink until they puke on the shoes ol’ mum and dad bought for them.
Canada: Land of the polite
So, if we’re an ‘Empire’ what is Canada exactly? A former colony of the English? How’d you break away, exactly? Did you stand up for yourselves or just let nature take its course? Do you still like the Queen?
I doubt the English even knew you were gone….
We could only wish the Attorney General would put in as much effort investigating Fannie May and Freddie Mac who have taken about 140 billions dollars from the governement to stay solvent. The guys from Enron went to jail for far less, but then you have to take a look at who sat on the boards of these two companies.