Blumenthal Sues S&P and Moody’s
March 10, 2010 by Gracie Gordillo · Leave a Comment
Connecticut Attorney General Richard Blumenthal said he is suing Moody’s Corp. and Standard and Poor’s. If you remember 2008, rating agencies looked to be playing catch up and cutting ratings on financial institutions left and right. Enormous wealth was being destroyed in the blink of an eye as financial instruments that held AAA ratings were [...]
