Kucinich Calls For Justice Department To Investigate Ratings Agencies

By Nicholas Ballasy | July 28, 2011 | 9:32 AM EDT

(CNSNews.com) – Rep. Dennis Kucinich has called on the U.S. Justice Department to investigate the credit rating agencies.

“We are not a poor country. We’re the richest country in the world and to tempt the markets to further manipulate us – these, these ratings agencies, there ought to be a Justice Department investigation of them,” said Kucinich at a press conference with the Congressional Out of Poverty Caucus on Wednesday.


“They were for sale for any one who wanted a good rating you drive up, you put your money down, you get a good rating. Now, they’re telling the United States of America that they’re going to downgrade our rating, are you kidding me? It’s time for us to downgrade the rating agencies.”


Rep. Dennis Kucinich

The three major credit rating agencies are Standard & Poor's, Moody's and Fitch. The U.S. could lose its AAA rating if Congress does not increase the nation’s $14.29 trillion debt limit.