Tag Archives: S&P

President of S&P, Deven Sharma, Will Step Down

Deven Sharma, current president of Standard and Poor’s, announced today that he will step down to “pursue other interests.” As of September 12, 2011, Sharma will change his role at the S&P rating agency from president to advisor to the … Continue reading

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Was the S&P Downgrade of the U.S. Really all about Dodd-Frank Regulations on Civil Liability of Credit Rating Agencies?

The New York Times Business Section ran a piece called, “S&P, Accused of Faulty Math, Fights Error Disclosure Rule,”  about how the President of S&P, Devon Sharma, sent a letter to the U.S. Securities and Exchange Commission (S.E.C.) about his difference … Continue reading

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Why is S&P Downgrading Everything but Banks?

The Smell at S&P Seems to be Getting Stronger S&P Downgraded the U.S. from AAA to AA+ on Friday, August 5th. Then on Monday, August 8th they downgraded Freddie Mac, Fannie Mae and various insurance and mortgage companies. However, they … Continue reading

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S&P Downgrade of U.S. Credit Rating Smells Fishy

Twisted Reasoning Standard & Poors (S&P) said they wanted the U.S. to cut $4 Trillion from the deficit in order to possibly maintain their rating. So Who exactly does Standard & Poors represent and how do they make their money? In 2009 … Continue reading

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