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HistoricalPEGuy (66.33)

August 2011



S&P Beers on Marketplace

August 08, 2011 – Comments (0)

I don't know if any of you caught him on NPR/IPM's Marketplace today, but I was shocked at his "defensive" positioning.  My favorite part was when asked about the "trustworthiness" of S&P, given the fact that they had Lehman Brothers at such a high rating days before their meltdown.  His answer was, something like (AND I AM PARAPHRASING)  "well, that wasn't MY group that did that, it was some other dysfunctional group".  That's what I took from it although its hardly a direct quote.  [more]

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