From NPR:
"News of the investigation of Standard and Poor's is remarkable because the financial mess of 2008 has resulted in so few prosecutions or civil suits compared to past financial disasters. To explain what was different this time, Robert Siegel speaks with William Black, a professor at the University of Missouri - Kansas City. Black was litigation director of the Federal Home Loan Bank Board."
Couldn't have anything to do with being pissed at S&P for the US ratings downgrade, could it?
2 comments:
I think you've hit the nail on the head. Why else ?
Now, if they could just get off their collectives and look into the other folks involved in orchestrating that financial mess that killed so many people's futures... Unrealistic, I know.
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