DoJ lawsuit against S&P even sillier than first thought « Hot Air: "So far, though, it’s just the Obama administration pursuing the rather laughable claim that S&P’s ratings would have made any difference to Citi and BofA on their own products. Combine that up with the fact that this is the only ratings agency that the DoJ has pursued after the financial collapse in 2008, and it’s the most significant one that downgraded US credit while Obama has been President, and the actual raison d’être seems pretty clear."
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