Ratings agency downgrades US credit from AA+ to AA, outlook negative:
http://www.cnbc.com/id/46970602/Egan_Jones_Cuts_US_Credit_Rating_to_AA_Citing_Debt
SEC begins investigation to revoke their license:
http://www.forbes.com/sites/steveschaefer/2012/04/24/sec-charges-rating-agency-with-making-material-misrepresentations/
http://www.cnbc.com/id/46970602/Egan_Jones_Cuts_US_Credit_Rating_to_AA_Citing_Debt
SEC begins investigation to revoke their license:
http://www.forbes.com/sites/steveschaefer/2012/04/24/sec-charges-rating-agency-with-making-material-misrepresentations/
Yeah, this was pretty outrageous. I seem to recall they threatened S&P with something similar - not even bothering to hide that the threat was in direct response to a rating downgrade.
Sad that half the population don't know know all this and couldn't care less if you told them.
They are more concerned with outrages on "Lost" or "Survivor" or "American Idol" or whatever they call it nowadays.
