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07-16-2009
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#1 (permalink) |
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Senior Member
Join Date: Dec 2006
Posts: 35,505
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Massive US pension fund sues credit rating agencies over $US1bn loss
Calpers, the California Public Employees' Retirement System - one of the most powerful fund managers in the US, is suing the three main credit rating agencies, saying they were negligent when they gave gold-plated ratings to mortgage...
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