It´s not that S&P wasn´t neck-deep in it and deserves to be defenestrated, BUT they were only taking the bankster´s money, it´s the Citibank and Goldman Sachs who were the big fish. And AIG, don´t forget those morons. And Merrill, and a dozen others. S&P was barely the piano player.

Of course, they are engaging in revenge. Who´s gonna stop them?
Moody´s is owned by their dear pal Warren Buffett, so going after S&P suits him fine too.
Every day brings a new depredation and we are only a few weeks into O´s next four years.

Ya´ gotta´ laugh. Government *created* this fiasco via the ´forced sub-prime lending scene´ they created. Of course property values drove the economy when you didn´t actually need an adequate income to buy large...

...and of course it tanked beyond the ´predictions of optimism´ when those sub-earner borrowers defaulted - in numbers large enough to put a dent in the *rest* of the housing business.

So now, in what can only be described as ´Government Job Security Via Blackmail´ - the government goes after a business that did nothing more than ride the wave government furnished the surfboard for?

Yeah. Sounds about right. Extortion - Chicago style...

Thank gawd the poor schmucks weren´t predicting firearm trends or such, eh?

Democracy? What is that? It´s all Dumbocracy with this administration.

constitution??? What difference does it make???not any more.... Fascists rule.. Democracy ? Not so much...

Blame the babysitter. Just what every two year old might do. It´s like suing the police department after you are stopped for speeding.

Only thing missing is King Barky in a gaudy military uniform and hat.

As the debt limit negotiations come to the forefront Team Obama is going all out to intimidate the rating agencies as they do not want to see any further downgrades to US debt. S&P did downgrade the Treasuries AAA to AA+. However,while Moody´s did not downgrade Treasury debt, Moodys also had high credit ratings on the same mortgage debt that S&P did. Therefore if S&P is guilty, which I doubt, than Moody´s is also(except Warran Buffett is an Obama crony and is a big time owner of Moodys),is guilty too.Egan Jones ,another rating agency had Tresury debt on negative view ,but they got restricterd from rating government debt. Typical Obama , blame someone else and intimidate your enemies. I don´t know about you but I am getting awfully tired of this game.

It´s the culture of government backed loans that led to the meltdown. If lending institutions are made whole by the government on a failed loan,there´s no risk involved,meaning less scrutiny on the borrowers.This is why they bundled mortgage backed securities because of the high risk borrowers being doomed to fail at some point.The gov´t makes the loan whole so they cash in when the loan fails.

The bottom line is the left suckered poor people into loans,then they sued because they were suckered and if they didn´t get a loan it was racial discrimination lawsuits. It´s a lose/lose for taxpayers, banks and other homeowners to satisfy the left´s craving for social engineering justice housing.

Even the squatter homeowner who´s months behind on paymnets loses eventually because they´ll be evicted sooner or later.

The government could have bought 100´s of thousands of houses outright for what they´re spending,propping up the culture of failed home ownership.

When conservatives see the writing on the wall about not being able to make house payments,they walk away from the loans and take the credit hit. The left thinks they´re entitled to the house so they stick to it like glue.

We need a Ratings Czar to tell the various rating services how to rate US bonds and goverment related loans such as those the USPS might require.

The Czar would operate by Executive Order until Congress can create the Federal Borrowing Rating Agency

The FBRA would have sole authority to rate federal debt instruments and tell various banks and investment firms how many to buy and at what price.

Sue them for what, telling the truth?

Hey Dims, they took your bribes then thumbed their noses at you...lucky them!