Posts tagged ‘housing bubble’

WTF S&P? Shock Doctrine? Inside Job? Both?

by , posted on Monday, August 8th, 2011 at 12:48 pm

So today S&P downgraded the credit ratings of Freddie Mac and Fannie Mae, the mortgage giants which were taken over by the feds in 2008 after the mortgage disaster/scandal/swindling-of-American-homeowners-and-investors in which S&P was a co-conspirator. I realize some people are going to have a big problem with me describing S&P as a “co-conspirator” but hey, facts are facts: look it up.

(more…)

Share