Justice Dept. Sues S&P

Justice Dept. Sues S&P

There are 18 comments on the www.reuters.com story from Feb 4, 2013, titled Justice Dept. Sues S&P. In it, www.reuters.com reports that:

Standard & Poor's said it expects to be the target of a U.S. Department of Justice civil lawsuit over its mortgage bond ratings, the first federal enforcement action against a credit rating agency over alleged illegal behavior tied to the recent financial crisis.

Join the discussion below, or Read more at www.reuters.com.

“Way down, in Columbus Georgia”

Since: Mar 10

Location hidden

#1 Feb 4, 2013
This is how Obama's justice dept rolls, payback time Eric Holder style, better watch out Moody's, your next.
Though I am sure Obama/ Holder would love to do the brown shirt Gestapo tactics to their opposition, the country hasn't declined far enough fast enough to go that route..........yet.
They have to be happy with frivolous lawsuits and business killing litigation to payback those not following their goose stepping tactics and as a warning to other American businesses, get in line or get destroyed.
Columbus Native

Oklahoma City, OK

#2 Feb 4, 2013
So what is your answer? Let corporate theives continue to scam America? or put them behind bars where they deserve.

“Way down, in Columbus Georgia”

Since: Mar 10

Location hidden

#3 Feb 4, 2013
Columbus Native wrote:
So what is your answer? Let corporate theives continue to scam America? or put them behind bars where they deserve.
If the government doesn't like the ratings system in place than pass legislation to outlaw it or do what the the government loves, regulate regulate, regulate.
No law has been broken, you want to find the true culprit you have to look no further than the democrats own Barney Frank. Watch the video.
Http://youtube.be/iW5qKYfqALE
He gets on people for being concerned
About the housing markets, Fannie Mae and Freddie Mac. He was leader of the house financial services commitee and was warned time and time again that this was coming but blamed republicans for not wanting people to own homes and after the crash blamed banks for doing what the government made them do.

So now, since S&P listened to him and didn't lower there ratings fast enough they are going to be sued?
Typical Obama demonization of a group but this time it's for revenge and to assert the governments power over business.
Columbus Native

Oklahoma City, OK

#4 Feb 5, 2013
In a perfect world where everyone is honest and believes in getting ahead thru hard work we would'nt need any regulations. After the 1985 Savings and Loan scandels, 18 billion dollar no-bid contracts and many other rip-off behavior during the Iraq war, Wall Street 2000, Bernie Madoff and on and on we need our azzests protected. Any entity whose well-being is guaranteed by you and me the taxpayer(Government)felony behvior needs to be followed by quick and severe prosecution. These white collar criminals have absolutely NO regard for you or me. It's get all you can while the opportunity is available, then we (the government) has to pay for their illegal actions.

“Way down, in Columbus Georgia”

Since: Mar 10

Location hidden

#5 Feb 5, 2013
Columbus Native wrote:
In a perfect world where everyone is honest and believes in getting ahead thru hard work we would'nt need any regulations. After the 1985 Savings and Loan scandels, 18 billion dollar no-bid contracts and many other rip-off behavior during the Iraq war, Wall Street 2000, Bernie Madoff and on and on we need our azzests protected. Any entity whose well-being is guaranteed by you and me the taxpayer(Government)felony behvior needs to be followed by quick and severe prosecution. These white collar criminals have absolutely NO regard for you or me. It's get all you can while the opportunity is available, then we (the government) has to pay for their illegal actions.
But what you do not understand is the government is just as bad now, they steal and throw away more money than Wall Street does, especially the current administration.
What the justice dept is doing to S&P is nothing but hypocrisy, had S&P lower the ratings back then they would have faced the wrath of Barney Frank and the other financial idiots back in the early 90's.
Your anger is very Obama-like, it's easy to say all Wall Street people bankers, and white collar workers are criminals, group everyone together and demonize. It's the simplistic approach but very effective but it is the greater injustice.
Columbus Native

Oklahoma City, OK

#6 Feb 6, 2013
All I can say is BUSH taught us all a permenent lesson in deceitfulness and corruption. America will never forget unlike yourself.
DadGum

Locust Grove, GA

#7 Feb 6, 2013
Columbus Native wrote:
All I can say is BUSH taught us all a permenent lesson in deceitfulness and corruption. America will never forget unlike yourself.
Aint it funny people are ok with cameras at intersections, drones and aircraft along with speed traps and other ways to regulate seat-belt, helment laws and vehicle speed regulations, but at thee same time, they are against regulating a bunch of white collar scumbags who robbed the country of 800 Billion Dollars.
Go Figure?
Smith Station Panthers

Pittsview, AL

#8 Feb 7, 2013
Columbus Native wrote:
All I can say is BUSH taught us all a permenent lesson in deceitfulness and corruption. America will never forget unlike yourself.
I find it interesting that you still maintain that its all Bush. You have never to my knowledge discussed specifics about Bush's deceitfulness and corruption, I have never seen examples that could be backed up with news articles or reports as Jim does.
It all boils down to the fact that Jim questions an action of Obama's then you post, Bush did the same, but worse. Thats not even an argument.
Columbus Native

Oklahoma City, OK

#9 Feb 7, 2013
Ladies and Gentlemen of topixs, this is the main reason we cannot allow republicans to EVER control our precious country again! They remain like alcoholics in a constant state of denial never recognizing what their party did t all of us from 2001-2008. Like a monkey with a box of razor blades or a child with a loaded hand gun, Let us never forget their destruction! Thank God they are out for the next 4 years. You never try to reason with a demon, you just say God rebuke them!
Robin

United States

#10 Feb 7, 2013
Mr Pickens statement on the housing market bubble is very accurate.
The problem with your post above Mr Native is that it is not.
The problem is not whether someone is a democrat or republican, the problem is that George Bush took bad ideas from both parties and acted on them. Barack Obama only listens to his party but he only acts on the very worst.
I think if Mitt Romney would have won he would have listened to BOTH sides and as a business leader to the BEST ideas from each and we might have started getting out of the hole we are in.
As an analogy, George Bush found a small hole and started making it deeper, Barack Obama was elected and accomplished what George Bush did in 8 years in only 4 and now we got 4 more to go.
You cannot love Obama and hate Bush, there isn't much difference except Obama is better at wrecking everything, he's done a much better job at it.
Columbus Native

Oklahoma City, OK

#11 Feb 9, 2013
Thankfully romney lost, end of story. Untill next election I guess this topix board will be full of very shallow subjects, like where to eat and rock music. Catch you all in 4 years when there will be more intelligent subjects to talk about.
Sladeblade

Columbus, GA

#12 Feb 10, 2013
Columbus Native wrote:
Thankfully romney lost, end of story. Untill next election I guess this topix board will be full of very shallow subjects, like where to eat and rock music. Catch you all in 4 years when there will be more intelligent subjects to talk about.
Don't let the door hit ya in the butt on the way out fool.
Columbus Native

Oklahoma City, OK

#13 Feb 10, 2013
I got 4 good years to spend much,much Social Security money and take lots of good soothing pain meds at only 1.10 for a whole bottle of 120. Meanwhile you strong young wage slaves keep up the good work and stay on your job, I looking for a raise next year and need alot of 20-60 years old mules to work work work so I can live comfortable. Thank you President Obama for kicking romney in the teeth and preserving Social Security. Remember that 6.2% they take from workers checks goes to me!

“Way down, in Columbus Georgia”

Since: Mar 10

Location hidden

#14 Feb 10, 2013
Robin wrote:
Mr Pickens statement on the housing market bubble is very accurate.
The problem with your post above Mr Native is that it is not.
The problem is not whether someone is a democrat or republican, the problem is that George Bush took bad ideas from both parties and acted on them. Barack Obama only listens to his party but he only acts on the very worst.
I think if Mitt Romney would have won he would have listened to BOTH sides and as a business leader to the BEST ideas from each and we might have started getting out of the hole we are in.
As an analogy, George Bush found a small hole and started making it deeper, Barack Obama was elected and accomplished what George Bush did in 8 years in only 4 and now we got 4 more to go.
You cannot love Obama and hate Bush, there isn't much difference except Obama is better at wrecking everything, he's done a much better job at it.
A very eloquent statement Robin.
I was President Bush's biggest critic back when he was president because of the bonehead moves he made, Obama has indeed doubled done on the same policies that Bush had.
The only difference is instead of republicans giving me a hard time, now it's the democrats.
Obama is not a leader, I have maintained this from day one. Did Bush ever constantly blame everyone else? Bush had his problems but he was a leader.
Obama is childish and immature, much too much to be president, every failure he has made he blames others.
I have noticed in my lifetime that usually the right person becomes president for the crisis of the times but Obama is forcing his agenda instead of addressing the problems at hand.
These are truly sad times for America.
Columbus Native

Oklahoma City, OK

#15 Feb 11, 2013
Bush did'nt have time to blame anyone, he was too busy stealing and killing. He could,nt blame Clinton, he had a balanced budget plus surplus. Bush was a leader of the blimd and naive. He should have received the death penalty. If we were a healthy society this monster would not have been allowed a second term. Now you Bush lovers sit back and stress for the next 4 years like all the rest of us had to do when this dangerous idiot prowled around like a hungry lion, or like your advesary the devil does.
Columbus Native

Oklahoma City, OK

#16 Feb 11, 2013
Sladeblade wrote:
<quoted text>
Don't let the door hit ya in the butt on the way out fool.
Don't let your butt stay in bed monday morning, I need that 6.2% income that is taken from your check every payday. It keeps me warm in the winter and cool in the summer. My gas tank stays full and my icebox stays full with plenty of cold beer. He(like me) who laughs best laughs last. Stay on that job worker I am expecting a raise next year!
Smith Station Panthers

Pittsview, AL

#17 Feb 11, 2013
Columbus Native wrote:
<quoted text>Don't let your butt stay in bed monday morning, I need that 6.2% income that is taken from your check every payday. It keeps me warm in the winter and cool in the summer. My gas tank stays full and my icebox stays full with plenty of cold beer. He(like me) who laughs best laughs last. Stay on that job worker I am expecting a raise next year!
Nothing you post ever makes much sense.
Columbus Native

Oklahoma City, OK

#18 Feb 12, 2013
Jim R Pickens wrote:
<quoted text>
If the government doesn't like the ratings system in place than pass legislation to outlaw it or do what the the government loves, regulate regulate, regulate.
No law has been broken, you want to find the true culprit you have to look no further than the democrats own Barney Frank. Watch the video.
Http://youtube.be/iW5qKYfqALE
He gets on people for being concerned
About the housing markets, Fannie Mae and Freddie Mac. He was leader of the house financial services commitee and was warned time and time again that this was coming but blamed republicans for not wanting people to own homes and after the crash blamed banks for doing what the government made them do.
So now, since S&P listened to him and didn't lower there ratings fast enough they are going to be sued?
Typical Obama demonization of a group but this time it's for revenge and to assert the governments power over business.
Oh! Don't regulate anything and let foxes guard the hen house? Human greed and nature did this in the Savings and Loan scandels of the mid 1980's. What did the taxpayer rcover after paying out nearly 500 billion dollars? A government sponsered program that recovered about 20 cents on the dollar and very very few going to prison. When republicans go to their churches on Sunday what goes thru their pea brain skulls when they hear the scripture"Thou Shall Not Steal"? The main goal of the evil small minde republican prick is when in office try to rape steal and pillage America's national treasury. Well the GOOD NEWS is that these little idiots will have to sit back for the next 4 years and play with themselves and not our Treasury Department.

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