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SEC Emerges From Carbonite Deep Freeze, Sues Egan-Jones

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Wed, 25 Apr 12 7:56 AM | 40 view(s)
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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




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