The SEC Wants Names!

August 12, 2011 7:26 AM EDT
The U.S. Securities and Exchange Commission has approached upper management at the rating agency Standard & Poor's, in hopes to discover who exactly knew that the agency was going to downgrade the credit rating on the U.S. before it was officially announced, reported Reuters.

The U.S. Senate Banking committee has also begun looking into last week's decision by S&P to downgrade the U.S. credit rating from AAA to AA.


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