SEC Moves To Shutdown Agency That Cut US Credit Rating Twice

While criminal banks and credit rating agencies that have perpetuated fraud and crashed the global economy are rewarded, honest players are sent to the slaughter house.

Just in case one is wondering what is a greater crime in America: vaporizing $1.5 billion in client money (JP Morgan and Morgan Stanley), stealing hundreds of billions in clients money (Jon Corzine via MF Global), defrauding nations and governments around the world (Goldman Sachs), stealing billions through a PONZI scheme conducted while whistleblowers were repeatedly ignored (Maddoff), getting paid off to rubber stamp trillions of dollars in toxic assets as AAA rated (Moody’s, S&P, Fitch) engaging in widespread mortgage fraud and illegally stealing hundreds of thousands of homes from Americans (Wall Street banks – Boa, Citi, JP Morgan Chase, Wells Fargo, etc) or having the temerity to downgrade the US credit rating (twice)?

Here is the SEC with the answer:

SEC SUES EGAN-JONES, SEAN EGAN ON ALLEGED MISREPRESENTATIONS (Full Statement Below)

Somewhere Jon Corzine and the rest of the crooks on Wall Street are laughing all the way to the bank especially given the recent revelations that the SEC actually destroyed thousands of documents of Wall Street’s greatest crimes.


[link to theintelhub.com]