Forum Post: Justice Department goes after S&P with a Civil Suit?

Posted 11 years ago on Feb. 6, 2013, 12:25 p.m. EST by DKAtoday (33802) from Coon Rapids, MN
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Justice Department sues S&P over mortgage bond ratings

Business & Economy

S&P Charged With Inflating Mortgage Ratings

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[-] 1 points by inclusionman (7064) 11 years ago

Too little too late which just shows that wall st owns the peoples government. But this and many other similarly inadequate suits does prove that the Wall st corp 1% criminals were responsible for the 2007/8 crash of the world economy, not the low income borrowers who lost everything.

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[-] -1 points by DKAtoday (33802) from Coon Rapids, MN 11 years ago

It is bogus that they go after S&P with a civil suit rather than a full criminal prosecution. But if this goes forward it can leave other actions open to be followed up on. We ( The People ) need to keep pushing for full action against the criminal practices that caused the economic meltdown and that still threaten the economy.

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[-] 1 points by inclusionman (7064) 11 years ago

We must strengthen regulations/laws that have been weakened to allow the easy skirting, and protect individual exec liability. For 30 years those laws have been stripped bare.

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[-] 1 points by DKAtoday (33802) from Coon Rapids, MN 11 years ago

Repeal of Glass-Steagall Caused the Financial Crisis

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[-] 2 points by inclusionman (7064) 11 years ago

That specific weakened regulation was a big part of the reason for corp malfeasance. I think also greed, selfishness, the lack of financial liability to the banks, the lack of personal liability to the execs also added to the crash. And all of these realities were related to weak regulations as well. Gotta watch capitalists they always put profits over people.

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[-] 2 points by DKAtoday (33802) from Coon Rapids, MN 11 years ago

People Over Profits

Society Over Profits

Environment Over Profits

World Over Profits

Shift the paradigm people.

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[-] 2 points by inclusionman (7064) 11 years ago

Agree 100%. I'm being as shifty as I can.

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[-] 1 points by DKAtoday (33802) from Coon Rapids, MN 11 years ago

Hard part is educating the public. At least we still have the internet. To help spread the word.

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Forum Post: Justice Department goes after S&P with a Civil Suit?

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