Edwynn
Posts: 4105
Joined: 10/26/2008 Status: offline
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I'm glad this happened, but it's a bit tougher to nail people who have done more damage than these fellows, if they work within a larger scheme, such as the banks. My fondest hope is that this criminal pursuit is laying the ground work for much needed larger-scale pursuit of the US fraudsters, too. Australia has brought charges of fraud against the rating agencies (Moody's, S&P, Finch), and then, amazingly enough, the US has brought even more serious charges since to the same group. The US media give a onetime announcement on this, then we never hear anything further. In any case, I don't mean to throw a wet blanket on this. It's good news, and some cause for a bit of cautious optimism in any event. Thanks for the post.
< Message edited by Edwynn -- 7/23/2013 9:32:01 PM >
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