# Will the government take revenge on Standard & Poors?

**URL:** <https://boards.straightdope.com/t/will-the-government-take-revenge-on-standard-poors/592097>\
**Category:** In My Humble Opinion\
**Created:** [August 9, 2011, 4:41pm UTC](https://boards.straightdope.com/t/will-the-government-take-revenge-on-standard-poors/592097 "2011-08-09T16:41:30Z")\
**Posts on this page:** 2\
**Page:** 2

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**Author:** ![Snickers](https://avatars.discourse-cdn.com/v4/letter/s/5daacb/32.png) [@Snickers](https://boards.straightdope.com/u/Snickers)\
**Post date:** [August 18, 2011, 2:16pm UTC](https://boards.straightdope.com/t/will-the-government-take-revenge-on-standard-poors/592097/21 "2011-08-18T14:16:44Z")

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\*\*Diceman \*\*and **ladyfoxfyre** , it’s my understanding that that’s what Congress and the President are pissed about - the inflated grading of the mortgage backed securities that preceded the whole collapse, not the downgrading of the US credit rating. I’ll agree that the timing is suspect, though.

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**Author:** ![RTFirefly](https://avatars.discourse-cdn.com/v4/letter/r/c77e96/32.png) [@RTFirefly](https://boards.straightdope.com/u/RTFirefly)\
**Post date:** [August 18, 2011, 4:14pm UTC](https://boards.straightdope.com/t/will-the-government-take-revenge-on-standard-poors/592097/22 "2011-08-18T16:14:46Z")

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> [@Diceman](#):
>
> [Well, it happened.](http://www.foxnews.com/politics/2011/08/17/doj-reportedly-investigating-standard-poors/) \<SNIP\> But the timing is questionable, and where are Fitch and Moody’s (which did the same thing as S&P with securities) in all of this?

From your own link (why, oh why, don’t people read their own cites?): “it was unclear whether the Justice Department investigation involves the other two major ratings agencies, Moody’s and Fitch, or only S&P.”

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