Stevieslaw: S & P to Recover Fine with Even Better Scheme

Nota Y. Tinjail, spokesperson for Standard and Poor’s, said today the Bond ratings firm will easily recover the $1.38 billion in fines they have to pay the U.S. government, 19 states and the District of Columbia, “and then some.” You may recall that the fine was levied against S&P for fixing the rating of subprime mortgage vehicles, in a process known as “taking bribes.”

Tindall went on to say that the current scheme the company is concocting is a real doozy and should be quite legal shortly. “People talk about the polarization of this fine nation,” he said, “But the degree of cooperation between the financial sector and Congress is wonderful.” “Rarely better,” he concluded.

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