“Justice is not suing Warren Buffett’s Moody’s ratings service, even though Moody’s rated many of these same deals, often with identical ratings. Are we supposed to believe that Moody’s never suggested to anyone that it was independent and objective? Whether Team Obama would ever dare to sue a company in which St. Warren is invested, you don’t have to be a cynic to wonder if the feds will first wait and see whether Moody’s downgrades U.S. Treasury debt the way S&P did in 2011. The truth is that the damage occurred because the same government that’s now suing S&P required financial institutions to use the ratings issued by S&P and the other raters.”
http://online.wsj.com/article/SB10001424127887323951904578291910513633152.html
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