Seeking Alpha

The Justice Department's $5B lawsuit against S&P (MHP) over its mortgage-bond ratings may be...

The Justice Department's $5B lawsuit against S&P (MHP) over its mortgage-bond ratings may be weakened by inconsistency between the DOJ and the SEC. For example, the latter blamed the failure of AAA-rated Delphinus CDO 2007-1 on Mizuho Financial, and said the Japanese bank gave faulty information to S&P. Mizuho paid $127.5M to settle a lawsuit. The DOJ, though, puts blame on S&P.
Comments (3)
  • Easy. Co-conspirators. Magnetar (a heavy contributor to Obama's campaign) an additional co-conspirator, unindicted, like Paulson. The saga continues, and the guilty go unpunished.
    15 Feb 2013, 05:35 AM Reply Like
  • rico.

     

    charge the sec too. done.
    15 Feb 2013, 07:50 AM Reply Like
  • DOJ picked the wrong dog to fight. Asking MHP to admit wrong was never going to work.
    15 Feb 2013, 08:26 AM Reply Like
DJIA (DIA) S&P 500 (SPY)