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Standard Poor’S

The Big Short - a chronicle of infectious shortsightedness; epidemic blindness, delusion, and deceit.

Joseph Cooper | Posted 01.07.2016 | Entertainment
Joseph Cooper

"Crap." That word is used quite often by the handful (one handful) of analysts and traders who "shorted" (bet against) the trillion-dollar mortgage-b...

Retailers, Bankers and Democrats Agree

Leo W. Gerard | Posted 12.20.2014 | Politics
Leo W. Gerard

Income inequality is killing the economy. Retailers, bankers and Democrats agree on that. Really. It's only Republicans who continue to insist that income inequality is great.

Poisonous Million Dollar Pay Packages

Leo W. Gerard | Posted 01.23.2014 | Business
Leo W. Gerard

American CEOs and boards of directors should take note. The income inequality they've fostered with outsized CEO pay packages and paltry wages for workers is creating an American royal class served by serfs.

Republicans Shoot America in the Foot

Leo W. Gerard | Posted 12.21.2013 | Politics
Leo W. Gerard

Republicans can pummel their own party if they want to, but what's amazing is that 18 of them in the Senate and 144 in the House voted against restoring government services and paying America's debts.

Simon Johnson: Pay More Attention To S&P Subprime Ratings

New York Times | Simon Johnson | Posted 11.08.2011 | Business

Standard & Poor’s downgrade of United States government debt last month has been much debated, but not enough attention has been devoted to the fact...

Justice Department Investigating S&P's Mortgage Ratings

New York Times | LOUISE STORY | Posted 10.18.2011 | Business

The Justice Department is investigating whether the nation’s largest credit ratings agency, Standard & Poor’s, improperly rated dozens of mortgage...

Paul Krugman: 'No Reason To Take Downgrade Seriously'

New York Times | Paul Krugman | Posted 10.08.2011 | Business

To understand the furor over the decision by Standard & Poor’s, the rating agency, to downgrade U.S. government debt, you have to hold in your mind ...

Drugmakers Suffer Declining Profits Due To Generic Competition

Bloomberg News | Tom Randall | Posted 06.17.2011 | Business

Pfizer Inc. (PFE) and rival U.S. drugmakers are poised to report the industry's biggest drop in quarterly profit in more than four years as the compan...

Fixing FUBAR: Next Week in Washington D.C.

Janet Tavakoli | Posted 05.25.2011 | Business
Janet Tavakoli

None of the issues I'll talk about next week at the Federal Housing Finance Agency's summit is new, and "financial reform" is late to the party and dead on arrival.

Peter Baker and David Herszenhorn: Wall Street Reform Reporting Lacking

Joseph A. Palermo | Posted 05.25.2011 | Media
Joseph A. Palermo

After all the suffering caused by the massive layoffs and home foreclosures that have devastated communities, the best our elite journalists can do is tell us that they have no way to discern who is lying and who is telling the truth?

"Anything Goes" Capitalism Destroys Companies and Workers' Lives

Leo W. Gerard | Posted 05.25.2011 | Business
Leo W. Gerard

Anything Goes capitalism workers' lives, but it sure does work for the private equity firms. They made around $750 million in profits from the now-indebted and bankrupt Simmons.