Breaking News Bar
posted: 2/16/2013 4:40 AM

Good to see action taken on S&P

Success - Article sent! close

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

Share this page
Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.