WASHINGTON — The S&P downgrade was more of a statement on the toxic political landscape in Washington than a comment on the nation's ability to pay its bills. But S&P has its own checkered history. Just a few years ago, the company gave its top triple-A rating to some of the mortgage-backed securities that helped cause the Great Recession.
Political gridlock prompts S&P's government credit rating downgrade
Monday, August 8, 2011 | 6:34 p.m. CDT
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