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	<title>Hot Air &#187; Citigroup</title>
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		<title>DoJ lawsuit against S&amp;P even sillier than first thought</title>
		<link>http://hotair.com/archives/2013/02/08/doj-lawsuit-against-sp-even-sillier-than-first-thought/</link>
		<comments>http://hotair.com/archives/2013/02/08/doj-lawsuit-against-sp-even-sillier-than-first-thought/#comments</comments>
		<pubDate>Fri, 08 Feb 2013 13:41:53 +0000</pubDate>
		<dc:creator>Ed Morrissey</dc:creator>
				<category><![CDATA[The Blog]]></category>
		<category><![CDATA[BofA]]></category>
		<category><![CDATA[Citigroup]]></category>
		<category><![CDATA[Justice Department]]></category>
		<category><![CDATA[S&P]]></category>

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		<description><![CDATA[Citigroup, BofA got duped on <i>their own offerings</i>?]]></description>
				<content:encoded><![CDATA[<p><a href="http://hotair.com/archives/2013/02/08/doj-lawsuit-against-sp-even-sillier-than-first-thought/"><img src="http://media.hotair.com/wp/wp-content/uploads/2012/04/picard-facepalm.jpg" /></a></p><p>Citigroup, BofA got duped on <i>their own offerings</i>?</p>
<hr /><p>I wrote Tuesday about the hypocrisy and perhaps vindictiveness of the Department of Justice&#8217;s lawsuit against ratings agency Standard &amp; Poor&#8217;s for rating toxic mortgage-backed securities and their derivatives highly before the housing bubble popped.  Apparently I wasn&#8217;t tough enough on &#8230; the DoJ.  Bloomberg&#8217;s Jonathan Weil explains why the lawsuit isn&#8217;t just ill-considered, but [...]</p>
<p><a href="http://hotair.com/archives/2013/02/08/doj-lawsuit-against-sp-even-sillier-than-first-thought/">Read this post &raquo;</a></p>]]></content:encoded>
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