Friday, September 30, 2011

SEC investigates rate decision leak...

A SEC report says a large credit rating agency "appeared to allow" a pending rate decision to be tipped off to certain people before the rating change was publicly announced. The statement contained in an annual inspection of ratings agency mandated by Dodd-Frank doesn't name S&P, but follows up an investigation of the ratings agency launched last month.


Of course they are talking about S&P...

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