This blog provides content on a wide variety of topics on finance, investment, economics, business funding, and politics. Visit my blog often for up to the minute commentary, research, and opinions!
Search This Blog
Monday, August 22, 2011
S&P Sacks Its President
Just a few weeks after S&P downgraded the U.S. sovereign debt rating, the company decided to replace its president. McGraw Hill owns S&P, and they are claiming that this was planned from last year. Right. S&P is also under investigation by a Justice Department probe for its activities surrounding the mortgage crisis. Basically the U.S. government has declared all out war on S&P since the downgrade, at this is unlikely to relent, even if they dump Deven Sharma, their current president. We reap what we sew.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment