{"id":418142,"date":"2010-03-11T14:03:32","date_gmt":"2010-03-11T19:03:32","guid":{"rendered":"tag:blogs.courant.com,2010:\/capitol_watch\/\/9.73608"},"modified":"2010-03-11T14:43:59","modified_gmt":"2010-03-11T19:43:59","slug":"peter-schiff-says-blumenthal-grandstanding-with-his-lawsuit-against-rating-agencies","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/418142","title":{"rendered":"Peter Schiff says Blumenthal “grandstanding” with his lawsuit against rating agencies"},"content":{"rendered":"

The attorney general has sued <\/a>Moody’s Investors Service and Standard & Poor’s. alleging that they misled investors.<\/p>\n

“It’s too late,” Schiff said in a statement circulated by his campaign. “Why did Blumenthal wait until now to file this lawsuit? Because he’s running for the U.S. Senate and sees an opportunity for headlines. This political grandstanding is everything that’s wrong with politicians. If he really wanted to help the Connecticut taxpayers, he would have sued these ratings companies years ago and had the foresight to prevent the housing collapse.”<\/p>\n

Schiff points out that he was calling out the credit rating agencies way back in 2006. In a speech he gave that year to the Western Regional Mortgage Bankers Convention, Schiff warned that ratings agencies “were assigning investment grade ratings to securities [that] would become worthless.”<\/p>\n

“Where was Blumenthal back then when such lawsuits might have actually helped avert the crisis?” Schiff’s campaign asked. “Just like all the other career politicians, either Blumenthal did not want to disrupt the housing gravy train that temporarily enriched Wall Street and Main Street, or he did not know enough about economics or finance to understand the problem.”<\/p>\n

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 <\/p>\n","protected":false},"excerpt":{"rendered":"

The attorney general has sued Moody’s Investors Service and Standard & Poor’s. alleging that they misled investors. “It’s too late,” Schiff said in a statement circulated by his campaign. “Why did Blumenthal wait until now to file this lawsuit? Because he’s running for the U.S. Senate and sees an opportunity for headlines. This political grandstanding is […]<\/p>\n","protected":false},"author":4000,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-418142","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/418142","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/4000"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=418142"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/418142\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=418142"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=418142"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=418142"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}