nakedempire


The American Empire in a Changing World



Pages

Saturday, August 18, 2012

''Moody's and S&P set to face US fraud claim over ratings''

it's about time...................From The National.ae

''Moody's Investors Service and Standard & Poor's are to face fraud allegations that they assigned inflated ratings to notes sold to investors, a federal court judge in the United States has ruled.''

''A case brought by investors including Abu Dhabi Commercial Bank (ADCB) in 2008 alleged negligent representation and breach of fiduciary duty on the part of Morgan Stanley, which originally structured the deal.''

read more 

No comments:

Post a Comment