Investor, Calpers, Sues Ratings Agencies blog
The powerful pension, CalPERS, recentlly filed suit against some of the ratings agencies responsible for "grading" bundled and securitized financial instruments that contained
CalPERS accuses Moody’s, Standard & Poor’s, and Fitch Ratings of providing “wildly inaccurate and unreasonably high” ratings on mortgage-backed securities that cost the fund hundreds of millions in losses.
In WSF reports in this article
