Moody's slapped with Subpoena !

[kentuck]

<snip>
The panel created to investigate the roots of the financial crisis slapped credit rating agency Moody's Corp. with a subpoena Wednesday for failing to turn over key documents.

It's the first subpoena issued by the Financial Crisis Inquiry Commission to compel compliance, the panel's chairman, Phil Angelides, said during a conference call with reporters. The commission faces a December deadline to produce a report documenting and explaining the causes behind the worst financial crisis since the Great Depression.

Until now, every party contacted by the commission has either complied or indicated a willingness to comply with its requests, Angelides said. Moody's -- one of the three major credit rating agencies accused of contributing, if not worsening, the financial crisis -- is the only party delaying the panel's investigation.
.......more



http://www.huffingtonpost.com/2010/04/21/moodys-slapped-with-subpo_n_546989.html

[xchrom]

1. I'm not going to hold my breath but - AWESOME! Nt

[ClarkUSA]

2. This never ever would have happened under BushCo's SEC. n/t

[Spazito]

3. Kick back up

:kick: