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    Jan 11, 2013 |Story| Chicago Tribune

  1. Blue states' fiscal woes test Obama

    The electoral map, the demographics behind President Barack Obama's re-election and the high-end tax increases that were just wrung from the Republicans give Democrats reason to believe that long-term political trends are on their side in budget negotiations. This view, however, ignores what is happening at the state level.
    The electoral map, the demographics behind President Barack Obama's re-election and the high-end tax increases that were just wrung from the Republicans give Democrats reason to believe that long-term political trends are on their side in budget...

    Tags: White House, Manufacturing and Engineering, Republican Party, Stanford University, Elections

    2. Feb 9, 2013 |Column| Los Angeles Times

  2. Execs off the hook at S&P

    You may have heard last week about a couple of big lawsuits brought by federal and state governments, alleging that the credit rating agency Standard & Poor's concocted a fraudulent scheme that contributed to trillions of dollars in investment losses and the cratering of pretty much the entire world financial system.
    You may have heard last week about a couple of big lawsuits brought by federal and state governments, alleging that the credit rating agency Standard & Poor's concocted a fraudulent scheme that contributed to trillions of dollars in investment losses...

    Tags: Eric Holder, Banking, Kamala D. Harris, Finance, Politics

    3. Feb 5, 2013 | Allentown Morning Call

  3. PA joins the blame game against Standard & Poor's over financial crisis

    Watchdog with Paul Muschick
    Pennsylvania was among several states that filed lawsuits Tuesday alleging that credit rating agency Standard & Poor's contributed to the nation's financial crisis by fudging its ratings. S&P is accused of misconduct involving securities backed by...
    4. Feb 12, 2013 |Column| Orlando Sentinel

  4. The vendetta against S&P, part II

    WASHINGTON -- My last column on the federal suit against the bond-rating rating agency Standard & Poor's drew some critical reactions that are worth sharing with readers. In the column, I argued that S&P, which badly erred in rating bonds tied to home mortgages, was being made a scapegoat for the financial crisis. As is well-known, this crisis -- with some exceptions -- was not foreseen by government officials, economists or bankers. S&P's sins, I wrote, stemmed more from this over-optimism than from a deliberate effort to mislead markets.
    WASHINGTON -- My last column on the federal suit against the bond-rating rating agency Standard & Poor's drew some critical reactions that are worth sharing with readers. In the column, I argued that S&P, which badly erred in rating bonds tied to home...

    Tags: Securities, Financial and Business Services, Derivative Securities, Mortgages, Moody's Corporation

    5. Feb 11, 2013 |Story| South Bend Tribune

  5. Buttigieg: City's in good financial shape

    <span style="font-size: small;">SOUTH BEND -- The city of South Bend is in good financial shape. In</span><span style="font-size: small;"> fact, it's in better financial shape than many other cities its size</span><span style="font-size: small;"> in the state.</span>
    South Bend Tribune
    SOUTH BEND -- The city of South Bend is in good financial shape. In fact, it's in better financial shape than many other cities its size in the state. That was the gist of Mayor Pete Buttigieg's address to the Common Council Monday concerning the...

    Tags: Science and Technology, Government, Credit Ratings, Safety of Citizens, Politics

    6. Feb 4, 2013 | Los Angeles Times

  6. California finances praised but not upgraded by Moody's

    PolitiCal
    A major Wall Street rating agency said Monday morning that Gov. Jerry Brown's latest budget proposal shows California's finances are on the mend. But the agency, Moody's Investors Service, cautioned that California's progress could easily stall given...
    7. Feb 6, 2013 |Story| Los Angeles Times

  7. Is S&P to blame?

    Federal and state prosecutors sued the credit rating agency Standard &amp; Poor's this week for allegedly defrauding investors by giving inflated ratings to complex mortgage-backed securities that proved all but worthless after the housing bubble burst. The cases raise difficult questions about the freedom to express an opinion without being held liable if it's wrong. Nevertheless, it's worth exploring whether S&amp;P and its rivals deliberately soft-pedaled how risky those securities were in order to boost their bottom lines.
    Federal and state prosecutors sued the credit rating agency Standard & Poor's this week for allegedly defrauding investors by giving inflated ratings to complex mortgage-backed securities that proved all but worthless after the housing bubble burst. The...

    Tags: Securities, Mortgages, Kamala D. Harris, Finance, Credit and Debt

    8. Feb 5, 2013 |Story| Los Angeles Times

  8. Justice Department, state officials to announce Standard & Poor's suit

    WASHINGTON -- Justice Department officials and attorneys general from California and several other states were set Tuesday morning to announce a landmark civil suit against Standard &amp; Poor's Corp. concerning the company's credit ratings of troubled mortgage-backed securities before the financial crisis.
    WASHINGTON -- Justice Department officials and attorneys general from California and several other states were set Tuesday morning to announce a landmark civil suit against Standard & Poor's Corp. concerning the company's credit ratings of troubled...

    Tags: Eric Holder, Securities, Mortgages, Kamala D. Harris, Finance

    9. Feb 5, 2013 |Story| Los Angeles Times

  9. S&P helped cause financial crisis with faulty ratings, Feds allege

    WASHINGTON -- Standard &amp; Poor's Corp. helped cause the financial crisis by misleading investors with falsely high credit ratings on bonds backed by toxic subprime mortgages, federal officials alleged Tuesday in announcing a civil suit against the company.
    WASHINGTON -- Standard & Poor's Corp. helped cause the financial crisis by misleading investors with falsely high credit ratings on bonds backed by toxic subprime mortgages, federal officials alleged Tuesday in announcing a civil suit against the company....

    Tags: Eric Holder, U.S. Department of Justice, Securities, Financial Markets, Mortgages

    10. Feb 4, 2013 |Story| Los Angeles Times

  10. S&P says it faces Justice Department suit for mortgage ratings

    WASHINGTON -- The Justice Department plans to file a civil lawsuit against Standard &amp; Poor's for its ratings of mortgage-related investments leading up to the financial crisis, the company said Monday.
    WASHINGTON -- The Justice Department plans to file a civil lawsuit against Standard & Poor's for its ratings of mortgage-related investments leading up to the financial crisis, the company said Monday. The suit focuses on S&P's ratings in 2007 of some...

    Tags: U.S. Department of Justice, Mortgages, Moody's Corporation, Financial Markets, Justice System

    11. Jan 30, 2013 |Story| Chicago Tribune

  11. State delays borrowing $500 million after credit rating downgrade

    Illinois budget officials say the state will delay today's planned sale of $500 million in construction bonds after a recent credit downgrade.
    Clout Street
    Illinois budget officials say the state will delay today's planned sale of $500 million in construction bonds after a recent credit downgrade. A spokesman for Gov. Pat Quinn's budget office said the decision was made after conversations with potential...

    Tags: Moody's Corporation, Standard & Poor's Financial Services LLC, Credit Ratings, Pat Quinn, Credit and Debt

    12. Jan 29, 2013 |Story| KY3-TV

  12. Transcript of State of the State Address delivered by Missouri Governor Jay Nixon January 28, 2013

    Thank you, President Pro Tem Dempsey, Speaker Jones, judges of the Missouri Supreme Court, Lieutenant Governor Kinder, state officials, members of the legislature, members of my cabinet, and my fellow Missourians.  This evening it is my pleasure to be...

    Tags: Science and Technology, Symptoms, Executive Branch, Autism, Taxation

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Ratings Photos
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