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Re: S&P to Argue Puffery Defense in First Courtroom Test

By: killthecat in FFFT | Recommend this post (0)
Mon, 08 Jul 13 9:08 PM | 22 view(s)
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Msg. 53864 of 65535
(This msg. is a reply to 53862 by oldCADuser)

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The above is a reply to the following message:
Re: S&P to Argue Puffery Defense in First Courtroom Test
By: oldCADuser
in FFFT
Mon, 08 Jul 13 8:48 PM
Msg. 53862 of 65535

A sort of a 'caveat emptor' defense, eh? But since the S&P was supposed to be an independent, unbiased, last resort place to get reliable investment ratings, isn't this simply going to destroy the perception of 'value' they supposedly provided the financial world, and if so, why are they still in business?


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