S&P is enforcing the boldholder’s financial commitment, in essence, by refusing to play along with a transaction between two sides of a deal. The third party which has just placed a bet on the deal on the side has veto power over what those two sides do. That’s really what we’re saying here.
|By: Jane Hamsher Thursday November 18, 2010 9:30 am|
Ron Paul introduces legislation that aims to “protect Americans from physical and emotional abuse by Federal Transportation Security Administration employees.” From the floor of the House, he blasted the TSA and Michael Chertoff for lining people’s pockets at the public’s expense.