Submitted by Tyler Durden on 04/24/2012 - 14:46 Asset-Backed Securities Egan-Jones Egan-Jones Insurance Companies Morgan Stanley NRSRO Rating Agency ratings Sean Egan Securities and Exchange Commission
Just in case one is wondering what is a greater crime in America: vaporizing $1.5 billion in client money or having the temerity to downgrade the US (twice), JP Morgan and Morgan Stanley, here is the SEC with the answer:
SEC SUES EGAN-JONES, SEAN EGAN ON ALLEGED MISREPRESENTATIONS
Somewhere Jon Corzine is cackling like a mad cow.
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http://www.zerohedge.com/news/sec-emerges-carbonite-deep-freeze-sues-sec

Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.