S&P (MHP) was late to the party yet again with its declaration that Greece is in...

|By:, SA News Editor

S&P (MHP) was late to the party yet again with its declaration that Greece is in “selective default,” Barry Ritholtz writes. In reality, Greece defaulted quite some time ago: "This nonsensical dance of the rating agencies not wanting to roil the waters during difficult periods reveals how meaningless [they] have become…  They are without purpose."