“S&P: US lawsuit is ‘retaliation’ for ratings downgrade”

by Walter Olson on September 6, 2013

“Ratings agency Standard and Poor’s (S&P) has claimed the lawsuit filed against it by the US Justice Department was ‘retaliation’ against its decision to downgrade the US’s credit rating.” [BBC; earlier here, here] My Cato colleague Mark Calabria, a specialist on banking and finance issues, sees a pattern at work in which businesses that make life hard for the government get hit with enforcement actions:

Maybe S&P can compare notes with Craig Zucker of Buckyballs fame.

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