Good to see action taken on S&P

Good to see action taken on S&P

After four years, the Justice Department has taken long awaited action against Standard & Poor’s, alleging fraud. Few thought such action would come at this late date but better late than never.

Some think a $5 billion fine on S&P will mean financial Armageddon for McGraw-Hill Inc., its parent company, but a negotiated settlement will probably occur, permitting the company to survive in some form.

Regardless of what success this action finds in court, it is heartening that something is being done.

Don Sutherland

Glen Ellyn