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Mesteve0319

Mesteve0319
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  • Attorney General Holder puts a $5B-plus target on how much S&P (MHP -6.5%) defrauded investors through faulty ratings on MBS, and says the DOJ is going after all of it. "S&P misled investors ... causing them to lose billions of dollars." S&P alone? (earlier: Even $3B seems far too high) [View news story]
    So, since the SEC is charged with regulating the rating agencies to ensure that they don't do exactly what the DOJ is claiming that they did, shouldn't the SEC be partially liable for the damages? Aren't they negligent in their duties? If S&P violated any requirements then they should be punished but if they were in full compliance with federal regulations then who's fault is this really?
    Feb 5 04:45 PM | 2 Likes Like |Link to Comment
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