Wednesday, 04 December 2013 Wouldn’t everyone want to call Iceland their home? Iceland’s government has announced that it will be writing off up to 24,000 euros ($32,600) of every household’s mortgage, fulfilling its election promise, despite overwhelming criticism from international… Read More ›
Standard & Poor
Standard & Poor’s Sued by U.S. for Fake Ratings
By BARBARA LEONARD (CN) – Standard & Poor’s inflated its ratings of mortgage-backed securities, ignoring the inherent credit risks that brought the financial sector to its knees in 2008, the U.S. government says in Federal Court. Filed late… Read More ›
Spain’s credit rating downgraded to near junk
S&P downgrades Spain’s credit rating Rating agency Standard & Poor’s has downgraded Spain’s credit rating by two notches, warning that the deepening economic recession is limiting the government’s options. <!– remove the whitespace added by escenic before end of tag… Read More ›
Engineering Evil 