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	<title>Observer &#187; Standard &#38; Poor&#8217;s Under Government Microscope Now</title>
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		<title>Observer &#187; Standard &#38; Poor&#8217;s Under Government Microscope Now</title>
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		<title>Standard &amp; Poor&#8217;s Under Government Microscope Now</title>

		<comments>http://observer.com/2011/08/standard-poors-under-government-microscope-now/#comments</comments>
		<pubDate>Thu, 18 Aug 2011 09:05:08 -0400</pubDate>
					<link>http://observer.com/2011/08/standard-poors-under-government-microscope-now/</link>
			<dc:creator>Emily Witt</dc:creator>
				
		<guid isPermaLink="false">http://www.observer.com/?p=177288</guid>
		<description><![CDATA[<p><a href="http://nyoobserver.files.wordpress.com/2011/08/120813358.jpg"><img class="alignleft size-medium wp-image-177291" title="The boot from a statue of George Washing" src="http://nyoobserver.files.wordpress.com/2011/08/120813358.jpg?w=300&h=208" alt="" width="300" height="208" /></a>In interviews for an <a href="http://www.observer.com/2011/08/standard-poors-ran-a-credit-check-on-america-outlook-negative/">article</a> <em>The Observer </em>published earlier this week about Standard &amp; Poor's, one interviewee floated the idea that S&amp;P downgraded the United States from AAA to AA+ to make future government investigations of the rating agency's role in the mortgage crisis appear retaliatory. While certainly plausible, this motive sounded a little bit conspiratorial.</p>
<p>Then, today, <em>The New York Times</em> reports that the DOJ is investigating Standard &amp; Poor's for its role in improperly rating mortgage-backed securities as AAA in the mortgage crisis: Louise Story writes:</p>
<blockquote><p>The investigation began before Standard &amp; Poor’s cut the United  States’ AAA credit rating this month, but it is likely to add fuel to  the political firestorm that has surrounded that action. Lawmakers and  some administration officials have since questioned the agency’s  secretive process, its credibility and the competence of its analysts,  claiming to have found an error in its debt calculations.</p></blockquote>
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		<content:encoded><![CDATA[<p><a href="http://nyoobserver.files.wordpress.com/2011/08/120813358.jpg"><img class="alignleft size-medium wp-image-177291" title="The boot from a statue of George Washing" src="http://nyoobserver.files.wordpress.com/2011/08/120813358.jpg?w=300&h=208" alt="" width="300" height="208" /></a>In interviews for an <a href="http://www.observer.com/2011/08/standard-poors-ran-a-credit-check-on-america-outlook-negative/">article</a> <em>The Observer </em>published earlier this week about Standard &amp; Poor's, one interviewee floated the idea that S&amp;P downgraded the United States from AAA to AA+ to make future government investigations of the rating agency's role in the mortgage crisis appear retaliatory. While certainly plausible, this motive sounded a little bit conspiratorial.</p>
<p>Then, today, <em>The New York Times</em> reports that the DOJ is investigating Standard &amp; Poor's for its role in improperly rating mortgage-backed securities as AAA in the mortgage crisis: Louise Story writes:</p>
<blockquote><p>The investigation began before Standard &amp; Poor’s cut the United  States’ AAA credit rating this month, but it is likely to add fuel to  the political firestorm that has surrounded that action. Lawmakers and  some administration officials have since questioned the agency’s  secretive process, its credibility and the competence of its analysts,  claiming to have found an error in its debt calculations.</p></blockquote>
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			<media:title type="html">The boot from a statue of George Washing</media:title>
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