Thom Hartmann: Why the U.S. is suing the S&P

[thomhartmann]

Richard Eskow, Campaign For America's Future joins Thom Hartmann. So this might be less about actually holding Wall Street suits accountable, and more about revenge for embarrassing our nation. Or - did President Obama get the message from the last election - which is the American people are sick of the crimes on Wall Street and actually want to see some suits thrown in prison?

The Big Picture with Thom Hartmann on RT TV & FSTV "live" 9pm and 11pm check www.thomhartmann.com/tv for local listings

[still_one]

1. It might be, but it isn't. S&P did mislead on their ratings, and they knew it when they did it.

Rating the the subprime bundled bonds as AAA was total misrepresentation.

As far as S&P downgrading U.S. debt, I question that downgrade also. Based on what? The republican objective to destroy the U.S. economy, with S&P willing republican accomplices

A lot of cities and communities lost billions because of their faux ratings on this garbage subprimes that they inflated

In fact S&P, and the other rating agencies should be out of business for their ratings

[Pryderi]

2. Could this suit be used as a back door to prosecute banksters? n/t