The Blame Game Continues

November 24, 2009 by · Leave a Comment
Filed under: The Rating Agencies 

The Attorney General strikes again. Eight different lawsuits assigning blame away from Ohio State’s pension committees. Just enough fact, and plenty of assertion to make a suit look reasonable.

The ratings agencies KNEW the ratings were wrong, but “succumbed to the attraction of higher fees.”

Ohio’s AG , California’s AG , Connecticut’s AG, CALPERS. 

15 YARDS FOR PILING ON………………………….

[$$] Ohio Attorney General Files Suit Alleging Collusion on ABS RatingsThe Bond Buyer, November 24, 2009

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