Obama Pursuit of S&P Started When Toxic Debt Masqueraded as AAA

Obama Pursuit of S&P Started When Toxic Debt Masqueraded as AAA

Jason Alden/Bloomberg

A pedestrian passes the offices of financial ratings agency Standard & Poor's in the Canary Wharf business district in London. S&P says it will “vigorously” defend itself from claims the company says are without merit. The Justice Department says it’s ready for court.