United States of America -v- Standard and Poors – How do you rate it?

One of the factors that made the financial crisis a disaster was the role played by the ratings agencies in rating bonds that were sold. These agencies have a powerful influence over our financial health; they rate the strength of banks, stocks, shares, investments and companies so that investors (who in most cases invest our savings and pensions either directly or indirectly) can understand what is risky and what is safe. On Monday a law suit of tremendous importance was issued in the USA.  Continue reading