Tuesday, August 9, 2011

Standard & Poors - Lobby Group

Standard & Poors needs to be investigated and it's offices sealed and documents seized to see who is paying them to arrive at their conclusions which are aimed at influencing political decisions.  Just like they are doing in Italy.
A history of their political interference to protect banks and financial institutions is well documented.  Consumers were harmed in 2000 in the US State of Georgia to benefit predatory mortgage lenders. Lehman Brothers was given a clean AAA rating shortly before it vaporized.

Everyone should remember that they, like the other rating agencies, are private sector and decidedly biased.  They were key in making the situation worse in Greece and apparently are doing the same in Italy.
Who is paying them for this?  Follow the money.

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