Connecticut Attorney General Richard Blumenthal is questioning why up to $400 million in federal bailout money is going to the big three credit rating agencies that he says helped create the economic meltdown.

Blumenthal said Monday that he is investigating why a $1 trillion government bailout program designed to unfreeze the credit markets steers money to Moody's, Fitch and Standard & Poor's and shuts out their six smaller competitors.

He said the companies may have violated antitrust laws, and he alleged they overrated toxic assets before the meltdown.

”The net result here is that up to $400 million in fees will be showered on the same ratings agencies whose mistaken ratings and inflated ratings led to the economic crisis,” Blumenthal said. “It is another reward for failure.”

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Business Lecturing Anyone on Moral Issues
March 8th, 2009 by SocProf and tagged Religious Fundamentalism
http://www.independent.co.uk/news/world/...

Brazil rocked by abortion for 9-year-old rape victim - Americas, World - The Independent via kwout

Let me see if I get this straight: the Church has excom

I have got to say that saving the life of a 9 year old rape victim as opposed to a forced pregnancy was really out of the realm of of common sense, but , this is the Catholic church ....Right?

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