US DEPT. OF JUSTICE TO INVESTIGATE S&P
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.
Read the rest here: CNBC
Just S&P? Funny how this “investigation” comes on the heels of the S&P downgrade. I guess Obama wants to set an example for the rest of the bond grading agencies.
A little intimidation perhaps to keep them in line?