Peter Morici / Standard & Poor's suit looks more like retribution than good policy - Press of Atlantic City: Commentary

Peter Morici / Standard & Poor's suit looks more like retribution than good policy

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Posted: Tuesday, February 12, 2013 12:01 am

The Justice Department is accusing Standard & Poor's of defrauding investors with optimistic ratings of mortgage-backed securities and derivatives prior to the financial crisis. While investors are entitled to answers about those conflicts, as well as compensation and reforms, Attorney General Eric Holder and President Barack Obama, by singling out S&P instead of other bond raters, appear to be engaging in political vengeance. Their actions put freedom of speech at risk.

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