Stephen Colbert on S&P lawsuit

A couple of weeks ago, Standard & Poor's was sued by the U.S. government and a number of state governments for allegedly inflating credit ratings tied to mortgage-backed securities prior to the financials crisis. Five years since the collapse, S&P now faces a potential penatly of more than $5 billion.

As we have often noted, sometimes it takes those outside of the usual media to really convey the story. In the past, we've posted clips of both Jon Stewart and Stephen Colbert as they discuss various topics related to the financial industry. Once again, Colbert brings his unique take on the S&P lawsuit. 

What do you think will be the result of the lawsuit? Does the proposed punishment of $5 billion fit the alleged crime? Should it be more?

About the Author
Michael McFarlin

Michael McFarlin joined Futures in 2010 after graduating summa cum laude from Trinity International University, where he majored in English/Communication. With the launch of the new web platform, Michael serves as web editor for the site and will continue to work on the magazine, where he focuses on the Markets and Trading 101 features. He also served as a member of the Wisconsin National Guard from 2007 to 2010.

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