Rating Agencies Finally Drawing Fire They Richly Deserve — But Will They be Prosecuted?
“The Justice Department claims that the faulty projections were not simply naïveté, but rather a deliberate effort to produce inflated, fraudulent ratings. “The complaint asserts that S.& P. staff chose not to update computer programs because the changes would have led to harsher ratings, and a potential loss of business,” (e.s.) “I was there. It …
Rating Agencies Finally Drawing Fire They Richly Deserve — But Will They be Prosecuted? Read More »