In response to:

Messing with the Bull

Cepat2 Wrote: Feb 09, 2013 1:58 PM
Government by fiat: it is what it is because I say it is and you will obey. Working well in North Korea and coming to the USA compliments of our Dear Leader.

 

With the announcement this week of its massive $5 billion lawsuit against ratings agency Standard & Poor's, the Federal Government took a bold step to squelch any remaining independence of thought or action in the financial services industry. Given the circumstances and timing of the suit, can there be any doubt that S&P is paying the price for the August 2011 removal of its AAA rating on U.S. Treasury debt? In retaliation for the unpardonable sin of questioning the U.S. Treasury's credit worthiness, the Obama Administration is sending a loud and clear message to Wall Street:...