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Tag Archive: Standard & Poor's

In S&P suit, Obama biting hand that fed him?


Maybe it's proof that money can't buy you love:  President Barack Obama's administration is widely reported to be about to take Standard & Poor's to court, despite the fact that employees of the credit rating agency and its corporate parent, McGraw-Hill, have disproportionately favored Democrats in recent election cycles.

At issue: whether S&P helped fuel the nation's financial woes by giving overly upbeat ratings to shaky mortgage securities. 

Sunlight's Influence Explorer shows Obama as the top recipient of contributions from S&P employees, followed by Secretary of State John Kerry, who just left the ...

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