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Thursday, May 13, 2010

Banks Probed on Misleading Information

“The New York attorney general has started an investigation of eight banks to determine whether they provided misleading information to rating agencies in order to inflate the grades of certain mortgage securities, according to two people with knowledge of the investigation.” (New York Times, Thursday)

Don’t worry, eventually they’ll get around to investigating the government’s role in the debacle.

FEE Timely Classic
“Too Big to Succeed” by Less Antman