After Credit Agencies threaten to downgrade US Debt, SEC threatens to investigate Credit Agencies

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    Jun 17, 2011 5:38 PM GMT
    Hmmm...

    http://online.wsj.com/article/SB10001424052702303499204576389973019552548.html?mod=wsj_share_facebook

    U.S. securities regulators are weighing civil fraud charges against some credit-rating companies for their role in developing the mortgage-bond deals that helped unleash the financial crisis, according to people familiar with the matter.

    The Securities and Exchange Commission's long-running probe into the deals has widened to the major credit-rating firms, including Standard & Poor's, the people said.

    The leading ratings companies have been criticized by lawmakers as "key enablers" of the financial meltdown, helping to fuel the $1 trillion Wall Street mortgage-securities machine before the boom ended.
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    Jun 17, 2011 6:03 PM GMT
    hgfhfg
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    Jun 17, 2011 6:09 PM GMT
    I'd like to see both investigated, the Credit Agencies for their part in the crash and SEC for why they have waited so long to investigate the Credit Agencies, Why now and not back when this happened? There's some hella crooked shit been going on up in there !!!!