Saturday, February 09, 2013

Today's Quote

Peter Schiff is right on regarding the case for prosecuting Standard & Poors for its overly optimistic assessment of mortgage backed securities during the housing bubble:

Given the nature of the U.S. economy during the housing mania of the last decade, charging S&P with fraud is like handing out a speeding ticket at the Indy 500.

Read the rest of the column here where he makes several other good points.