EU to investigate Standard & Poor's

The link is writen in Dutch so I'll translate it here this should pop up in the international media as well.

Basically, they think it's a fraud and the European burocrats are coming for their asses watch out.

http://www.tijd.be/nieuws/ondernemingen_financien/Europa_start_onderzoek_naar_Standard___Poor's.8128482-433.art

 

Next week we will see "S&P puts Germany's debt rating on a review for a downgrade"

 

ROFLMAO!

Actually, this is NOT a joke, this is a very possible forecast
:eek:

 

http://uk.reuters.com/article/bondsNews/idUKLC29343320090112?sp=true

May be
Last week they placed on "creditwatch negative" Ireland, Greece and Spain.
Since the rating agencies use rating as a political weapon, the EU legal action could be an answer to the move of S&P against those 3 EU countries.

Oh well, since they didn't lower the rating on Lehman until it defaulted, I reckon that their "creditwatch negative" is a buy signal