logicallypositive said: SEC is using its regulatory powers to bully S&P for making an observation anyone who isn’t blind could see coming from a mile away
» SFB says: Which part of “This investigation began before S&P lowered the U.S. credit rating” did you miss? And also, it’s the U.S. Justice Department investigating this particular aspect; the SEC is handling a different investigation entirely, one that’s ongoing.
The cost of insuring France’s debt rose to a record high today. And unlike the United States, France can’t just increase their money supply to pay its creditors. Partly as a result, it’s the most indebted of all European AAA-rated countries. It’s having a ripple effect that’s driving markets down worldwide. While S&P and the two other major ratings firms say they have no plans to downgrade France’s credit rating, it’s evident that investors are not as confident in the country’s financial situation. source
Don’t screw this up Yahoo.
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