S&P Agrees To Massive Fine While Masterminds Keep Bonuses

The derivatives problems that led to the 2008 crash and resulting “great recession” are still in play today, as an omni potent force controls

In 2008 Standard & Poors (S&P) was at the center of rating investment products in which they reportedly did not investigate critical risk information. The risk of loan default was apparently concealed or difficult to obtain from those packaging what were known by certain industry professionals at the time to be toxic investment assets, resulting in economic hardship for the entire world.  At long last this issue with S&P has been settled with the U.S. Department of Justice for $1.4 billion, but the question for tomorrow is: do other derivatives...