, Columnist
Standard & Poor's Is Sorry About That Credit Crisis
The S&P settlement is a pretty boring document, compared to the S&P complaint, or the credit crisis really.
Here's how much money Standard & Poor's has made rating bonds for the last few years:1422999967801
What does that chart tell you? Not much, right? S&P made a lot of money rating stuff before the credit crisis. Then a credit crisis happened, and it had less stuff to rate. Then, you know, stuff came back to be rated, and there S&P was to rate it. Now it's rating as much stuff as it was back in the pre-crisis glory days of rating stuff. It's a pretty boring story.