U.S. to sue S&P over ratings ahead of financial crisis
If, as in “a variety of lawsuits brought by investors, S&P has maintained that its ratings constitute opinions protected by the free speech clause of the U.S. Constitution”, then perhaps we have been unnecessarily timorous every time one of these opinions emits a warning poot on the eve of a debt ceiling not being raised. It is, after all, merely an opinion, one among many, and perhaps, come to think of it, an overpriced one at that.
If, however, such purchased ratings are something more substantial and transactional – a form of material representation of value capable of equivalent civil and criminal misrepresentation – then is it not time Eric Holder reluctantly released his penis and pursued this prosecution to conviction?
H. M. Stuart
Alexandria
H.M.: I don’t get the reference to “is it not time Eric Holder reluctantly released his penis”. Could you explain?
My good Jack,
My apologies. When not functioning occasionally as a petty partisan enforcer, Eric Holder has apparently been spending an inordinate amount of time in the big leagues doing little more than, as his name would suggest, merely holding his dick. I do not believe I am unique in this observation.
H. M. Stuart
Alexandria
Thanks, H.M. I wondered if there might be a pun involved on the name “Holder”. And now that you’ve explained it, I agree that you’re certainly not unique in “holding” that view of the Attorney General.
I guess it’s easier to sue than pursue sound fiscal policy. Great pun, though. I thought he just had his thumb up his ass.
If S&P can say the banks it rates have terrific credit, why can’t Carter’s Little Liver Pills say their potion cures hepatitis C?