Passing the Blame

Ohio A.G. jumps on the bandwagon. This is called “assignation of blame.” This story isn’t complete. I want to know:

• What they bought?
• When did they buy it?
• Who did they buy it from?                  

If they really were taken advantage of, did they:

• Sue the broker?
• Fire the portfolio manager?

These days, unfortunately, as populism rages, and risk is somebody else’s problem, this guy might win.

S&P, Moody’s and Fitch Are Sued by Ohio Over Ratings – Bloomberg.com, November 20, 2009