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?