its time to boycott s&p and its parent mcgraw hill

s&p has shown their incompetence time and again. Its time to punish them for their incompetence.
s&p is owned bt mcgraw hill. among mcgraw hills companies are
mcgraw hill books
jd power and associates
aviation world
KGTV sandiego
KERO bakersfield
KMGH denver
WRTV indanapolis
S&P

its time to show mcgraw hill that america wont be pushed around by a self serving rating agency that has shown they dont care about the truth..a rting agency that was a primary cause of teh great recession by grading junk as AAA

2. I for one thank them as they may have been the ONLY entity on the planet to finally jerk a knot into the shorts of our toddler concresscritters and could *potentially* lead to the the conversation moving back to revenues.

S&P did for this country what our own duly elected Democratic representatives didn't and unlike us, those clowns will listen to them.

If the textbook required for class is published by them, there's no way for me to get around NOT purchasing it. I'm lucky that I find most of my books used anyway.

Do you threaten to boycott EQUIFAX if they lower your FICA score because your credit cards are maxed?

Got anything for the TRUE fact that Moody's, S&P and Fitch all labeled many of the sub-prime mortgage-backed securities as AAA? You may resume cheerleading for S & P, GSLevel9.

:eyes:

The S&P report I read blames the GOP. :shrug:

In an interview Saturday, Ted Smyth, executive assistant to Harold "Terry" McGraw III, chairman, president and CEO of McGraw-Hill Cos., said Mr. McGraw had no involvement in Standard & Poor's downgrade of the U.S.'s credit rating. McGraw-Hill owns S&P.

"The process is behind a firewall," said Mr. Smyth. "That's to ensure independence and integrity. There was absolutely no parent company involvement. If we were involved, I wouldn't be in the White Mountains of New Hampshire today."

Mr. Smyth added that Mr. McGraw found out about the downgrade at the same time as the rest of the country. "We had no advance warning of what the outcome would be," he said. "When they put out their statement that's when we knew. We deliberately don't want to know, and that's the way it should be."

He noted that McGraw-Hill's ongoing strategic portfolio review will not be affected by the downgrade.



sounds like a ceo trying to cover his ass after the stupid moves of a subsidiary...

Like they did during housing crisis.

Haven't they learned their lesson yet or are we just confusing them?

US Citizens Should Boycott S&P: How is it that the citizens of this country that previously boycotted French fries are now silent on the S&P's downgrade of US debt- something that may hit all of us hard? Yes, there is a problem. But surely France, Britain, Liechtenstein and the Isle of Man should not be considered better credit risks by anyone with a brain. Is the S&P not aware that for most of its AAA countries, the Euro is in danger of collapse altogether? What would such a collapse do to the international debt of Germany, France, the Netherlands and others on S&P's AAA list?

Let's remember that the S&P told us that Enron, the 2007 private and commercial US banking system, and mortgage backed securities in the US were all AAA. Also, when an accounting error by S&P in excess of two trillion dollars- more than what S&P was asking the US to change (when combined with what has already been agreed to)- was discovered, no modification to their analysis occurred Question: who comprises this "international panel" of experts who made this sovereign debt rating decision? How are they selected, and by whom, how are they compensated, and for how long do they serve? Reasonable questions regarding the possibility of self dealing and political advantage for their country of nationality or patronage, should be raised and examined. One could ask whether their related companies, relatives or friends, gain on Monday due to any insider trading information gleaned from S&P regarding this announcement? Was such trading and pre-positioning the cause of last Thursday's 500 point drop on the Dow? Might this really be a not so disguised attack on the theory of constitutional democracy, when almost all of the S&P AAA countries have a parliamentary form of government?

Any one, or all, of these questions and other unasked issues, give Americans the right to call for a boycott of S&P and any business utilizing their services. This is now economic war. S&P fired the first salvo, now it is time for Americans to hit back HARD. I call on my fellow citizens to publish letters to the editor in our leading publications questioning the reasoning and objectiveness of S&P on this issue. Also, I call upon our citizens to research and publish information pertaining to S&P's business method and practice, the composition and processes of its sovereign debt panel, and the revenue sources of S&P. Then, most important, let every S&P client company along with S&P itself, know that the citizens of this country will not allow this move to go unchallenged. We will use our collective capabilities to examine with a microscope every aspect of their business, their business relations, and their political ties both public and private. If this act is truly justified, we need to know that with certainty. I suspect, however, that this is just a bunch of insiders doing what insiders do best- game the system for their own profits and benefit. In that case, we need to bring their house down around them.

Further, I call upon the several Attorneys General of the various states in which S&P does business to investigate S&P with regard to present and past insider trading and market manipulation. While the acts of S&P may not be treason, they are in all likelihood based upon unlawful underpinnings. If their is a rotten core at S&P, let's expose this beast for what it is! But, in the meantime, being able to smell a rat for what is, let's BOYCOTT S&P AND ALL OF ITS COMMERCIAL CLIENTS STARTING TODAY!!!

:eyes: