So THAT's why the "Just Us" Dept. brought charges against S&P but NOT against Moody's.

[dixiegrrrrl]

Is U.S. suit against rating agency S&P actually retaliation?

Investigator interest in Moody’s apparently dropped off around the summer of 2011,
about the same time S&P issued the historic downgrade of the U.S. government’s creditworthiness because of mounting debt and deficits.

“After the U.S. downgrade, Moody’s is no longer part of this,” said the person familiar with the case, who demanded anonymity in order to speak freely about the matter.

http://www.mcclatchydc.com/2013/02/04/181985/is-us-suit-against-rating-agency.html

[Kolesar]

1. Sucks for them! ... eom

[1StrongBlackMan]

2. Maybe; but ...

Richard Eskow doesn't seem to think so. In fact, neither does Thom Hartman, who indicates that this narrative appears primarily on rw blogs/media. And that makes sense (the rw pumping the narrative), since S&P specifically attributed its down-grading to the gop antics and brinksmanship.

http://www.democraticunderground.com/101796892

[dixiegrrrrl]

3. McClatchy is a pretty independent news source.

[1StrongBlackMan]

4. While not a "news source" ...

Campaign For America's Future has a pretty solid liberal track record.

[liberal_at_heart]

5. the downgrade was suppose to destroy our economy and destroy our country

It was suppose to signal some sort of economic Armageddon. Just another right-wing fantasy.