Readers React

S&P cripples global economy, gets a slap on the wrist

To the editor: Because Standard & Poor's Financial Services was trusted by the major world economies, its fraudulent actions nearly collapsed the global marketplace, a disaster that countless people around the world are still recovering from. To a company swimming in billions of dollars, a $1.4-billion fine is like a slap on the wrist. ("S&P to pay $1.4 billion in claims it misled investors with rosy ratings," Feb. 3)

Too big to sue? No, too much chutzpah to jail. Since it has been determined that corporations are people too, the men leading S&P surely need jail time, since that is the only punishment they fear.

Marcy Bregman, Agoura Hills

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