Calpers Sues Over Ratings of Securities - NYTimes.com

Well we all knew this was coming from some large investor and no one should be surprised it comes from Calpers.!Calpers Sues Over Ratings of Securities - NYTimes.com: "Calpers maintains that in giving these packages of securities the agencies’ highest credit rating, the three top ratings agencies — Moody’s Investors Service, Standard & Poor’s and Fitch — “made negligent misrepresentation” to the