Friday, August 12, 2011

SEC Investigating S&P’s Downgrade of U.S. Debt

The Securities and Exchange Commission has asked Standard & Poor's to disclose which employees knew of its decision to downgrade U.S. debt before it was announced last week, reports the Financial Times said.

The SEC's move is part of a preliminary examination into potential insider trading.

Somethings the SEC investigates, other things they don't.

at 10:50:00 AM

5 comments:

  1. Bob EnglishAugust 12, 2011 at 11:09 AM

    Rumors about the downgrade were circulating in the CME/CBOT pits during Friday trading.

    ReplyDelete
  2. HeathAugust 12, 2011 at 11:11 AM

    Don't be surprized to see S&P employees perp walked for everything from illegal ivory trading to shoplifting.

    ReplyDelete
  3. AnonymousAugust 12, 2011 at 1:30 PM

    Don't forget the other chump charges...Money laundering, using the US mail, tax evasion, lying to authorities, conspiracy to commit conspiracy, eating fatty foods, smoking, driving a gas guzzler, exhaling CO2....

    ReplyDelete
  4. AnonymousAugust 12, 2011 at 3:37 PM

    anon@1:30....and sodomy, in certain states.

    ReplyDelete
  5. AnonymousAugust 13, 2011 at 12:33 AM

    Do you all see now why these rating agencies refuse to downgrade anything? If they downgraded tech stocks or housing back when, then little Dicky Durbin would call them terrorists and have them buried alive in a cage.

    ReplyDelete

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