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(CNBC)   Illinois sues S&P over downgrade of state, pizza   (cnbc.com) divider line 14
    More: Amusing, Illinois, saver, Maggie Smith, downgrade, pizzas, Federal Reserve  
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883 clicks; posted to Business » on 26 Jan 2012 at 12:04 PM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



14 Comments   (+0 »)
   
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ZAZ [TotalFark]
2012-01-26 09:01:47 AM  
Does the headline go with a different article than the one linked, or did I miss a joke?
 
2012-01-26 09:23:52 AM  

ZAZ: Does the headline go with a different article than the one linked, or did I miss a joke?


No, you didn't. Thanks. I'll get a Farkback out to the admins with the right link.
 
2012-01-26 01:22:09 PM  
Until then, here it is:
http://www.cnbc.com/id/46136325
 
2012-01-26 01:23:05 PM  
Now as a Link
 
2012-01-26 01:44:28 PM  
Shouldnt it the banks that used S&Ps rating service be the ones suing and not Illinois.

The banks might have a case, as the party that was "wronged".

The problem is the ratings agencies become quasi-governmental in the mid 70s. In the 70s the ratings agencies also switched to charging the issues of debt and equity securities instead of charging potential customers.

Which means the banks that were buying the securities werent really customers either.

Bad business models lead to bad information.
 
2012-01-26 02:31:43 PM  
Because if there's one thing that Illinois can afford, it's to sue someone.
 
2012-01-26 02:43:30 PM  
My tax dollars at work.
 
2012-01-26 05:15:14 PM  
Since it's an Illinois thread let's just get this out there already:

Deep Dish > New York Style
It's called "pop"
Michael Jordan is the best basketball player of all time

That should do it for now.
 
2012-01-26 06:39:16 PM  

A challenger appears: Since it's an Illinois thread let's just get this out there already:

Deep Dish > New York Style
It's called "pop"
Michael Jordan is the best basketball player of all time

That should do it for now.

DA BEARS!

 
2012-01-26 06:54:46 PM  

Brakefornobody: A challenger appears: Since it's an Illinois thread let's just get this out there already:

Deep Dish > New York Style
It's called "pop"
Michael Jordan is the best basketball player of all time

That should do it for now.

DA BEARS!


How could I forget!? I'm not even going to touch Cubs vs Sox though...
 
2012-01-26 08:36:44 PM  

A challenger appears: Since it's an Illinois thread let's just get this out there already:

Deep Dish Casserole > New York Style
It's called "pop"
Michael Jordan is the best basketball player of all time

That should do it for now.


FTFY
 
2012-01-26 09:22:04 PM  

A challenger appears: Since it's an Illinois thread let's just get this out there already:

Deep Dish > New York Style
It's called "pop"
Michael Jordan is the best basketball player of all time

That should do it for now.


In the good old days, heretics such as you were burned at the stake.

Repent, blasphemer.
 
2012-01-26 10:27:26 PM  

Avonmore: Now as a Link


Was that article written by Meow Said The Dog?
 
2012-01-27 01:50:28 AM  

A challenger appears: Brakefornobody: A challenger appears: Since it's an Illinois thread let's just get this out there already:

Deep Dish > New York Style
It's called "pop"
Michael Jordan is the best basketball player of all time

That should do it for now.

DA BEARS!

How could I forget!? I'm not even going to touch Cubs vs Sox though...


Sox suck. Screw you south siders.
 
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