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SEC investigating S&P's downgrade of U.S. debt: report

BDBoop

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SEC investigating S&P's downgrade of U.S. debt: report - Yahoo! Finance

(Reuters) - The U.S. Securities and Exchange Commission (SEC) has asked rating agency Standard & Poor's (S&P) to disclose which employees knew of its decision to downgrade U.S. debt before it was announced last week, the Financial Times said, citing people familiar with the matter.

SEC's move is part of a preliminary examination into potential insider trading, the FT said.

Shock-n-awe, y'all.
 

Full-Auto

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SEC investigating S&P's downgrade of U.S. debt: report - Yahoo! Finance

(Reuters) - The U.S. Securities and Exchange Commission (SEC) has asked rating agency Standard & Poor's (S&P) to disclose which employees knew of its decision to downgrade U.S. debt before it was announced last week, the Financial Times said, citing people familiar with the matter.

SEC's move is part of a preliminary examination into potential insider trading, the FT said.

Shock-n-awe, y'all.

Only congress can inside trade and we will enforce it.
 

HenryBHough

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Can nationalization be far behind?

Bad idea to screw with Chicago street thugs!
 

Chris

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SEC investigating S&P's downgrade of U.S. debt: report - Yahoo! Finance

(Reuters) - The U.S. Securities and Exchange Commission (SEC) has asked rating agency Standard & Poor's (S&P) to disclose which employees knew of its decision to downgrade U.S. debt before it was announced last week, the Financial Times said, citing people familiar with the matter.

SEC's move is part of a preliminary examination into potential insider trading, the FT said.

Shock-n-awe, y'all.

Rut Roh!

The S&P gave great ratings to the companies that paid them millions of dollars even though they were about to go broke.

The U.S. government doesn't pay them anything, so they have to make their money somehow, perhaps through insider trading.
 

GoneBezerk

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Of course, if you don't tow the party line with socialists...they come after you.

They have threatened to kick Rush, Hannity, etc off the air.

They use the IRS to threaten CEOs that might speak out against their regulations and policies.

Now, they are going after a 3rd party that just gives out ratings.

Soon they will come after people posting here for speaking out against them.
 

Oddball

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Can nationalization be far behind?

Bad idea to screw with Chicago street thugs!
That's one way this could go.

Another way is Wall Streeters saying "HEY!...Fuck with us and we fuck back!"

An interesting passage from the U.K. Mail:

The Securities and Exchange Commission, which has oversight of credit rating firms, has started asking preliminary questions, the Financial Times reported.

However, the regulator is not aware of a leak from an S&P insider, nor was it aware of an aberrational trade, the paper said.

Rumours of a post-bell downgrade were rampant on Wall Street early on Friday and some commentators suggested it sounded like a leak, which could have come from either S&P or the Treasury.

Read more: Bombshell as investigators start insider trading enquiry at Standard & Poor's: Who had prior knowledge of downgrade? | Mail Online
 

Immanuel

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Of course, if you don't tow the party line with socialists...they come after you.

They have threatened to kick Rush, Hannity, etc off the air.

They use the IRS to threaten CEOs that might speak out against their regulations and policies.

Now, they are going after a 3rd party that just gives out ratings.

Soon they will come after people posting here for speaking out against them.

While I am in complete agreement with this, it really is not any different with those on the extreme right either. There were abuses of power under President Bush as well and my guess is there have been under every President we have had.

Not only that but things are only getting worse thanks to things like the Patriot Act and NSA Wiretapping.

That's why we need to protect our Constitutional Rights because we cannot expect the government to do so for us.

Immie
 

IHBF

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Of course, if you don't tow the party line with socialists...they come after you.

They have threatened to kick Rush, Hannity, etc off the air.

They use the IRS to threaten CEOs that might speak out against their regulations and policies.

Now, they are going after a 3rd party that just gives out ratings.

Soon they will come after people posting here for speaking out against them.

Yep.
 

Truthmatters

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Can I interest you people in a brand new line of tin foil hats to wear when you talk such redicules crap?
 

Immanuel

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Can I interest you people in a brand new line of tin foil hats to wear when you talk such redicules crap?

So, you are saying that Reuters is lying and the government is not investigating S&P? You are calling BDBoop a liar for posting information that is not true?

Or is it that you don't believe that the Obama Administration would abuse its power in such a manner?

Immie
 

KissMy

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Can nationalization be far behind?

Bad idea to screw with Chicago street thugs!

Funny you should say "can nationalization be far behind?" Government spending is now 46.85% of GDP & growing. In 2000 it was only 36.14% of GDP. We are now just 3% away from being a government controlled economy. That is the level we spiked to during WWII at the end of the great depression. Now government just remains at depression era spending levels & the economy is tanking.

Democrats scream that government has been cut to the bone over the last 20 years since Regan but the fact is government spending as percent of GDP rose under Regan, Bush & Bush. It only fell under Clinton.

usgs_line.php
 

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