Political Quotes

Al Franken: “S&P falsely represented that its ratings were objective, independent, and uninfluenced by S&P's relationship with…”

On the recordMarch 5, 2013
S&P falsely represented that its ratings were objective, independent, and uninfluenced by S&P's relationship with investment banks, when in actuality S&P's desire for increased revenue and market share led it to favor the interests of these banks over investors.
Said by
Al Franken
Democratic · Minnesota

Editor's note · Context

Franken discusses S&P's misleading ratings and their impact on the economic crisis.

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