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S&P: We just puff **** up, we dont actually do anything

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  • S&P: We just puff **** up, we dont actually do anything

    S&P said in its request to dismiss the case that the government can’t base its fraud claims on S&P’s assertions that its ratings were independent, objective and free of conflicts of interest because U.S. courts have found that such vague and generalized statements are the kind of “puffery”that a reasonable investor wouldn’t rely on.
    Or, you should pay us to do something you can't really rely upon.
    "I hope I get to punch you in the face one day" - MRT144, Imran Siddiqui
    'I'm fairly certain that a ban on me punching you in the face is not a "right" worth respecting." - loinburger

  • #2
    S&P, Moodys et al. Telling you what the markets already told you a few months earlier.
    The genesis of the "evil Finn" concept- Evil, evil Finland

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    • #3
      The financial industry is the worst. They are all liars, cheats, and scumbags.
      To us, it is the BEAST.

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      • #4
        And you keep giving us money to do it.
        The genesis of the "evil Finn" concept- Evil, evil Finland

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        • #5
          I don't.
          To us, it is the BEAST.

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          • #6
            Originally posted by Sava View Post
            The financial industry is the worst. They are all liars, cheats, and scumbags.
            Not all of us. Some of us went broke because we were honest.
            "I am sick and tired of people who say that if you debate and you disagree with this administration somehow you're not patriotic. We should stand up and say we are Americans and we have a right to debate and disagree with any administration." - Hillary Clinton, 2003

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            • #7
              Anybody that doesn't think their was collusion between the rating services and secondary market participants...or at the VERY least gross negligence...is fooling themselves.
              "I am sick and tired of people who say that if you debate and you disagree with this administration somehow you're not patriotic. We should stand up and say we are Americans and we have a right to debate and disagree with any administration." - Hillary Clinton, 2003

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              • #8
                Originally posted by PLATO View Post
                Not all of us. Some of us went broke because we were honest.
                To us, it is the BEAST.

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                • #9
                  Originally posted by Bugs ****ing Bunny View Post
                  And you keep giving us money to do it.
                  To evil! :salute:
                  “As a lifelong member of the Columbia Business School community, I adhere to the principles of truth, integrity, and respect. I will not lie, cheat, steal, or tolerate those who do.”
                  "Capitalism ho!"

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