S&P is owned by book publisher McGraw Hill, which derives most of its sales directly or indirectly from the government.<\/p>\n
Heave ho!<\/p>\n
Cease Fire!<\/p>\n
Bombs away!<\/p>\n
If this was due to government pressure, his exit could cause much more damage than the bond downgrade. If the government has the power to control who rates the bonds and what they say, the ratings have no credibility.<\/p>\n
http:\/\/online.wsj.com\/article\/SB10001424053111903327904576525141971060106.html?mod=googlenews_wsj<\/p>\n","protected":false},"excerpt":{"rendered":"
S&P is owned by book publisher McGraw Hill, which derives most of its sales directly or indirectly from the government. Heave ho! Cease Fire! Bombs away! If this was due to government pressure, his exit could cause much more damage … Continue reading