Senate Panel Reportedly Probing S&P Downgrade

chill_wind

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Mon Aug-08-11 08:38 PM
Original message

Senate Panel Reportedly Probing S&P Downgrade

REUTERS
Reuters US Online Report Politics News

Aug 08, 2011 17:04 EDT

The Senate Banking Committee is reportedly investigating the decision by Standard & Poor's last week to downgrade the credit rating of the United States to AA+ from AAA.

Citing an undisclosed committee aide, Reuters said the panel is in the process of gathering information about the downgrade but that it had not decided whether hearings will be held to examine the decision.

http://www.thestreet.com/story/11214231/1/senate-panel-reportedly-probing-sp-downgrade.html

http://talkingpointsmemo.com/news/2011/08/exclusive_congress_panel_probing_sp_downgrade_1.php

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Rosa Luxemburg

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Mon Aug-08-11 08:40 PM
Response to Original message

1. I hope it will be quick and inexpensive!

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Tansy_Gold

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Mon Aug-08-11 08:41 PM
Response to Original message

2. They had nothing better to do??? n/t

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Firebrand Gary

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Mon Aug-08-11 08:42 PM
Response to Original message

3. Is it true that S&P is affiliated with Murdoch?

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rurallib

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Mon Aug-08-11 08:53 PM
Response to Reply #3

4. no

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Tx4obama

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Mon Aug-08-11 08:55 PM
Response to Reply #4

6. Read the discussion on the link below

Edited on Mon Aug-08-11 08:56 PM by Tx4obama

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=439x1695295

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Tx4obama

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Mon Aug-08-11 08:54 PM
Response to Reply #3

5. There is a discussion regarding that on the link below

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=439x1695295

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Fool Count

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Mon Aug-08-11 08:59 PM
Response to Original message

7. Those bozos got some balls. Why don't they investigate

their own ineptitude and stupidity, which almost resulted in a sovereign default, first?

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KeyserSoze87

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Mon Aug-08-11 09:05 PM
Response to Original message

8. Good for them!

Hopefully, they'll come to their senses and put these criminals where they belong--in prison!

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Igel

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Mon Aug-08-11 10:03 PM
Response to Reply #8

10. Yup.

They can pass a law making what they did illegal, and then have them arrested.

Or perhaps Obama could just order them detained indefinitely. That, raising the debt ceiling, not a big difference.

Amazing.

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KeyserSoze87

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Mon Aug-08-11 10:34 PM
Response to Reply #10

11. I'd say just detain them.

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Fuddnik

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Mon Aug-08-11 09:19 PM
Response to Original message

9. They should have been investigating them for 3 years.

Over the CDO, CDS, fiasco in the housing market.

People knew. Read "The Big Short".

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AngkorWot

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Mon Aug-08-11 10:35 PM
Response to Original message

12. Investigating them for what, exactly?

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Tue Apr 30th 2024, 09:57 PM
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