The Homa Files

Well, well, well.

According to the WSJ: “The SEC has given S&P a so-called Wells notice alleging that S&P violated federal securities laws with respect to its ratings for a collateralized debt obligation known as Delphinus CDO 2007-1”.

Hmmm. About 4 years after the fact … but only a month or so after S&P lower the U.S. credit rating.

Coincidence.

Probably so.

And, here’s another twist: Moody’s was also up to its eyeballs slapping AAA ratings on CDOs.

But, Moody’s isn’t under investigation.

Did I mention that Warren “Please Tax Me More” Buffet owns a big chunk of Moody’s.

Double hmmm.

Probably just a coincidence.

But, it doesn’t smell right, does it?

Gotta love that good, old fashioned Chicago politics.

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This entry was posted on September 27, 2011 at 6:52 am and is filed under Buffett, Warren, Financial Crisis, Obama. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.