Papantonio: Prosecute US Credit Agencies

[GoLeft TV]

Run time: 12:44 https://www.youtube.com/watch?v=p9Pt2lk5vxk   Posted on YouTube: August 25, 2011 By YouTube Member: golefttv Views on YouTube: 11   Posted on DU: August 25, 2011 By DU Member: GoLeft TV Views on DU: 564

 
After last month’s deficit reduction and debt ceiling deal, US credit rating agencies downgraded the United States’ credit rating. And while this downgrade sent shockwaves through financial markets, the fact that these rating agencies actually helped create our current financial disaster went completely overlooked. According to a Senate report released earlier this year, these ratings agencies like Moody’s and Standard and Poor knew that Wall Street banks and mortgage brokers were ripping off consumers and pushing our economy towards the brink of disaster, yet they did nothing to prevent that disaster from happening.

[cstanleytech]

1. Can they even go after the credit agencies

if they dont go after the bankers first? After all couldnt they use the defense of the government has no case because it couldnt or wouldnt seek one against the banks thus the credit agencies arent guilty of anything?