On politics in the Golden State
April 19, 2010 | 4:21 pm
While Jerry Brown the candidate for governor is honing a campaign message that is critical of Wall St., Jerry Brown the attorney general is using his official perch to go after what he views as bad actors in the corporate world.
At a Los Angeles news conference today, Brown announced he would file suit against Moody’s Investors Service, one of the nation’s largest bond-rating firms, for avoiding a subpoena in an ongoing investigation into the firm. Brown’s office has accused Moody’s and other ratings agencies of giving high ratings to investments backed by unstable mortgages on the eve of the collapse of the nation’s housing market.
Read the rest of this entry »