For their role in the mortgage crisis alone, S&P deserves to have their government seal of approval revoked for their reckless use of their ratings authority. A decision could be handed down any day. Call the SEC now and tell them to revoke S&P’s government seal of approval for their reckless use of their ratings authority
|By: Jane Hamsher Thursday September 29, 2011 10:43 am|
|By: Jane Hamsher Tuesday July 26, 2011 9:23 am|
So say goodbye to your zoos, your parking meters, your bridges and your schools. Your airports, your harbors and your highways. The American public has an enormous investment in these things. But just as certainly as James Duke’s tobacco trust forced farmers to sell tobacco for less than it cost to grow, just as Russia was forced to sell its airport to the oligarchs and Poland was forced to sell its factories, so our municipalities and states and the federal government itself will be “forced” by a manufactured crisis to sell our assets off to private equity firms who are licking their chops at the prospect of owning America outright.
If you’re not outraged you should be. What Debbie did to Dallas, Standard and Poors is doing to you.