10 Comments

Too little too late which just shows that wall st owns the peoples government. But this and many other similarly inadequate suits does prove that the Wall st corp 1% criminals were responsible for the 2007/8 crash of the world economy, not the low income borrowers who lost everything.

It is bogus that they go after S&P with a civil suit rather than a full criminal prosecution. But if this goes forward it can leave other actions open to be followed up on. We ( The People ) need to keep pushing for full action against the criminal practices that caused the economic meltdown and that still threaten the economy.

That specific weakened regulation was a big part of the reason for corp malfeasance. I think also greed, selfishness, the lack of financial liability to the banks, the lack of personal liability to the execs also added to the crash. And all of these realities were related to weak regulations as well. Gotta watch capitalists they always put profits over people.