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No Rating Change for Allstate after Loss Says S&P

National News • July 28, 2008
Standard & Poor's Ratings Services has announced that it is "taking no rating action on Allstate Corp. (NYSE:ALL; A+/Stable/A-1) or its subsidiaries following Allstate's announcement that it had a ...

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Subject: S&P and "Everything is OK"

Posted On: July 28, 2008, 1:06 pm CDT
Posted By: Skeptical Enquirer
Comment:
Was or was not S&P up to its neck in certifying the creditworthiness of many of the failed and failing mortgage securities? If so, why believe them now as Allstate tries to shuffle some of the same off its books? To keep CONfidence high? or to continue to be victims in a CON game?

Financial gurus out there in IJ land--hold forth and let us know the truth.
Subject Posted By Posted On
RE: S&P and EGoyle
Jul 28, 2008, 1:27 pm
S&P and "Everything is OK" Skeptical Enquirer
Jul 28, 2008, 1:06 pm
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