CDO arranger and manager strike a settlement agreement with the SEC
A bank, its former CDO structurers and a CDO manager yesterday reached agreements to settle charges levelled against them by the SEC.
Agree it would be good to see the allegation against S&P tested in court .... my guess is that this is still progressing ....
interestingly, S&P bears no consequences for not revising ratings based on the ACTUAL portfolio...or is this only part of story?
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Comment by: Anonymous. Posted 11 years ago [2012-07-20 00:21:09]