When Standard & Poor's downgraded America's credit rating, questions were raised about the agency's role in failing to blow the whistle on sub-prime mortgages. Now the Justice Department has launched an investigation. At the same time, local governments are taking another look at whether S&P is serving their needs. Louise Story broke the news of the investigation today in the New York Times.
Is Justice Department's Investigation of S&P Retaliation?
Hey! Did you enjoy this piece? We can’t do it without you. We are member-supported, so your donation is critical to KCRW's music programming, news reporting, and cultural coverage. Help support the DJs, journalists, and staff of the station you love.