Go here to see the connection between the Government and Wall Street including these so called rating agencies that are getting tipped off of a complaint being in the works!!

Reuters-

Moody’s Corp (MCO.N), parent of ratings agency Moody’s Investor Services, said on Friday the U.S. Justice Department was preparing a civil complaint against the company, alleging violations of federal law in the run-up to the financial crisis.

The complaint alleges Moody’s violated the Financial Institutions Reform, Recovery and Enforcement Act while rating residential mortgage-backed securities and collateralized debt obligations.

Moody’s has periodically received subpoenas and inquiries from government authorities, including the Department of Justice, over its handling of the mortgage bonds before the global credit crisis of 2008.

[REUTERS]

© 2010-19 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.

AND why would Holder intervene? His former law firm Covington ALSO was counsel to Moody’s…read this memo:

MEMORANDUM

TO:	File No. S7-12-03
FROM:	Mandy Sturmfelz
DATE:	October 20, 2003
RE:	Concept Release No. 33-8236: Rating Agencies and the Use of Credit Ratings under the Federal Securities Laws

On September 11, 2003, Robert L.D. Colby, Michael A. Macchiaroli, Thomas K. McGowan, Mark M. Attar, and Mandy Sturmfelz of the SEC’s Division of Market Regulation met with John Rutherfurd, Jr., President and CEO of Moody’s Corporation, and Raymond W. McDaniel, President of Moody’s Investors Service Inc. (“Moody’s”), to discuss Moody’s comment letter on the above-referenced concept release. David B.H. Martin and Lanny A. Breuer of Covington & Burling, counsel to Moody’s, also attended the meeting.

Lexology-

Former Moody’s analyst, Ilya Kolchinsky, has accused the credit rating powerhouse of overstating its ratings for countless toxic mortgage-backed securities that caused the financial meltdown in 2008, misleading investors and costing the U.S. billions in funds spent bailing out Wall Street’s too-big-to-fail banks. Kolchinsky’s 107-page False Claims Act complaint, filed in 2012, was recently unsealed after the government failed to intervene.

The complaint alleges that from 2004 to 2007, Moody’s issued inflated ratings, often “triple-A,” for the majority of risky residential mortgage-backed securities and collateralized debt obligations it reviewed, as a result of “concealed conflicts of interest and Moody’s reckless profit-maximization policies.” According to Kolchinsky, it wasn’t until October 2007 when the market started its downward turn that Moody’s began downgrading its ratings.

[LEXOLOGY]

image credit: Jason Reed/REUTERS

© 2010-19 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.

You know why this is a bunch of bull… Because of Holder and Breuer’s Covington & Burling, yes the same firm that represented MERSCORP & the BANKS also represented Moody’s. It’s a rush to obtain what info may come out in the fraud.

Just like the robo-signing scandal. AND we all saw what all went down with the banks and their massive fraud.

NADA.

Reuters-

* Federal, state actions contemplated against Moody’s

* Connecticut case against Moody’s proceeding to trial

* Lawyers say stronger paper trail exists against S&P

By Aruna Viswanatha and Luciana Lopez

Feb 7 (Reuters) – The U.S. Justice Department and multiple states are discussing also suing Moody’s Corp for defrauding investors, according to people familiar with the matter, but any such move will likely wait until a similar lawsuit against rival Standard and Poor’s is tested in the courts.

Inquiries into Moody’s are in the early stages, largely because state and federal authorities have dedicated more resources to the S&P lawsuit, said the sources, who were not authorized to speak publicly about enforcement discussions.

[REUTERS]

photograph: Jason Reed/Reuters

© 2010-19 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.

AND why they will not go after Moody’s could be a reason in this memo:

MEMORANDUM

TO:	File No. S7-12-03
FROM:	Mandy Sturmfelz
DATE:	October 20, 2003
RE:	Concept Release No. 33-8236: Rating Agencies and the Use of Credit Ratings under the Federal Securities Laws

On September 11, 2003, Robert L.D. Colby, Michael A. Macchiaroli, Thomas K. McGowan, Mark M. Attar, and Mandy Sturmfelz of the SEC’s Division of Market Regulation met with John Rutherfurd, Jr., President and CEO of Moody’s Corporation, and Raymond W. McDaniel, President of Moody’s Investors Service Inc. (“Moody’s”), to discuss Moody’s comment letter on the above-referenced concept release. David B.H. Martin and Lanny A. Breuer of Covington & Burling, counsel to Moody’s, also attended the meeting.

~~~

US News-

By CHRISTINA REXRODE and DANIEL WAGNER, Associated Press

WASHINGTON (AP) — The U.S. government accused Standard & Poor’s of inflating ratings on mortgage investments to boost its bottom line, taking aim at a key player in the run-up to the financial crisis.

In charges filed late Monday in Los Angeles federal court, the Justice Department said S&P gave high marks to mortgage-backed securities that later went sour, even though it knew they were risky. The government said S&P misrepresented the risks because it wanted more business from the banks.

[US NEWS & WORLD REPORT]

© 2010-19 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.