Make Wall Street Pay Illinois holds Standard and Poor’s accountable
On Wednesday, Make Wall Street Pay Illinois activists attempted to meet with the Standard and Poor’s (S & P) Chicago office at 130 E. Randolph to ask them who holds them accountable. Earlier in the week, S & P downgraded the U.S.’ credit rating for the first time ever. S & P was the leading credit rating agency that gave toxic bonds and foreclosed mortgages the highest credit rating, leading to the collapse of the economy three years ago.
After S & P refused to speak to the group, activists held a mock trial in the lobby of building, unanimously ruling S & P should receive a Triple F rating (video posted below).
Progress Illinois, a political blog, covered the event, here: http://www.progressillinois.com/quick-hits/content/2011/08/10/illinoisans-sps-we-want-our-money-back
Thanks, Progress Illinois!