Efektivitas “Sentilan” Politis Pemerintahan Obama terhadap Standard and Poor's

Abstract

Abstract: The Government of the United States under Barrack Obama has sued Standard and Poor's, a
rating agency, for their alleged act of deceiving investors. In this article, the writer tries to analyse three
research points. Firstly, the writer tries to probe the common characteristics of rating agencies in
giving investment performance analyses; secondly, to investigate whether the alleged misguiding has
stirred cases made public by the media; and finally, to see whether this case has another standpoint that
is quite effective economically and politically. The research done by the writer has revealed that the
irrational approach employed by Standard and Poor's in producing the performance reports is both
commonly and usually done by other rating agencies in the industry. Furthermore, the media survey
has shown that the legal action is not entirely baseless because there are cases sprung from the motion
fuelled by the media. However, interestingly the conclusion from this research shows that this case has
another dimension –a political dimension –because from a political perspective we can infer “the
second” reading that shows that this legal motion is actually a political “pinch” whose purpose is more
of deterring than of penalising the company to pay for the damage caused by their investment
performance reports.

Keywords : rating agencies, irrationality, “the second reading”, deterring effect