I don’t consider myself an artist–with drawing, anyway–but my father had an idea for a political cartoon that I thought I’d try to depict. Hopefully my old man won’t be disappointed.
Basically, the United State Justice Department is investigating whether or not Standard & Poor’s improperly rated mortgage securities before the financial crisis, according to The New York Times. Though the inquiry began before the company downgraded the United States’ AAA credit rating to AA+, but “it is likely to add fuel to the political firestorm that has surrounded that action,” according to the Times. Administration officials, lawmakers and comedians have since questioned the agency’s downgrade, as well as its “secretive process, its credibility and the competence of its analysts, claiming to have found an error in its debt calculations.”
So my dad, born and raised in sweet home Chicago, found it funny the media are only beginning to seriously cover the investigation. In Chicago, he explained, when companies and individuals, eh, annoy the city, they usually get a visit from a city agency, like the Department of Buildings, to make sure everything complies with city laws and codes. My dad thinks the Justice Department’s S&P inquiry has been handled in a Chicago-esque manner.
Here’s my political cartoon attempting to depict my dad’s thoughtful comparison. Enjoy!
- DoJ now probing S&P over mortgage-bond ratings (hotair.com)
- Justice Dept. finally investigating S&P mortgage ratings (americablog.com)