Comments on: Political heat at S&P for ratings downgrades? http://blogs.reuters.com/muniland/2011/08/23/political-heat-at-sp-for-ratings-downgrades/ Bridges, budgets, bonds Mon, 24 Nov 2014 00:29:08 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: klhoughton http://blogs.reuters.com/muniland/2011/08/23/political-heat-at-sp-for-ratings-downgrades/comment-page-1/#comment-374 Wed, 24 Aug 2011 13:50:51 +0000 http://blogs.reuters.com/muniland/?p=3261#comment-374 oops. sorry about the triple; please delete two

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By: klhoughton http://blogs.reuters.com/muniland/2011/08/23/political-heat-at-sp-for-ratings-downgrades/comment-page-1/#comment-371 Wed, 24 Aug 2011 13:43:35 +0000 http://blogs.reuters.com/muniland/?p=3261#comment-371 “The board of directors of McGraw-Hill met Monday and voted to oust Deven Sharma as president of their Standard & Poor’s rating division. This forced resignation…”

Nonsense. Sharma has been scheduled and planning to leave since the beginning of the year; the Board simply confirmed that he now has a successor in Peterson.

Peterson has 25 years with Citi, has run several major initiatives, and is still C-level with the bank. The idea that these discussions haven’t been happening for months flies in the face of reality. (Just as the Justice Department investigations have been proceeding for months–as you well know.)

Seeing a conspiracy where there is one isn’t worthy of you. (If you want to do that, the conspiracy should be that S&P rushed its downgrade–so that it could claim that the DoJ investigation was “revenge.” At least there is evidence [“Oops, we made a $2T error. Oh, well, it’s not material”] supporting that.)

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By: klhoughton http://blogs.reuters.com/muniland/2011/08/23/political-heat-at-sp-for-ratings-downgrades/comment-page-1/#comment-372 Wed, 24 Aug 2011 13:43:35 +0000 http://blogs.reuters.com/muniland/?p=3261#comment-372 “The board of directors of McGraw-Hill met Monday and voted to oust Deven Sharma as president of their Standard & Poor’s rating division. This forced resignation…”

Nonsense. Sharma has been scheduled and planning to leave since the beginning of the year; the Board simply confirmed that he now has a successor in Peterson.

Peterson has 25 years with Citi, has run several major initiatives, and is still C-level with the bank. The idea that these discussions haven’t been happening for months flies in the face of reality. (Just as the Justice Department investigations have been proceeding for months–as you well know.)

Seeing a conspiracy where there is one isn’t worthy of you. (If you want to do that, the conspiracy should be that S&P rushed its downgrade–so that it could claim that the DoJ investigation was “revenge.” At least there is evidence [“Oops, we made a $2T error. Oh, well, it’s not material”] supporting that.)

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By: klhoughton http://blogs.reuters.com/muniland/2011/08/23/political-heat-at-sp-for-ratings-downgrades/comment-page-1/#comment-373 Wed, 24 Aug 2011 13:43:35 +0000 http://blogs.reuters.com/muniland/?p=3261#comment-373 “The board of directors of McGraw-Hill met Monday and voted to oust Deven Sharma as president of their Standard & Poor’s rating division. This forced resignation…”

Nonsense. Sharma has been scheduled and planning to leave since the beginning of the year; the Board simply confirmed that he now has a successor in Peterson.

Peterson has 25 years with Citi, has run several major initiatives, and is still C-level with the bank. The idea that these discussions haven’t been happening for months flies in the face of reality. (Just as the Justice Department investigations have been proceeding for months–as you well know.)

Seeing a conspiracy where there is one isn’t worthy of you. (If you want to do that, the conspiracy should be that S&P rushed its downgrade–so that it could claim that the DoJ investigation was “revenge.” At least there is evidence [“Oops, we made a $2T error. Oh, well, it’s not material”] supporting that.)

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