S&P Expert? At what? Covering their...?

September 8, 2008 S&P said they were thinking about dropping Lehman Brother's from A1 rating to A. Lehman Brothers filed for Chapter 11 bankruptcy protection on September 15, 2008. So we should trust their judgment, as much as we trust all the other high fliers of Wall Street? How many people are still out of work from the burst housing bubble that they rode as well as any did? How much money have they returned to anyone for mistakes made? Weren't they co-conspirators to the biggest fraud in last 50 years?

Amplify’d from www.latimes.com

Thank you, Standard & Poor's

Michael Kinsley

Standard & Poor's may know nothing that I couldn't find out, but it certainly knows more than I've bothered to find out. (And how about you?) And how its experts assess all this publicly available information is surely worth knowing, isn't it? Read more at www.latimes.com

 

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