Raynes on S&P Mess-up: Who’s Getting Fired?

R&R Consulting principal Sylvain Raynes welcomes Standard and Poor’s admission that it incorrectly analyzed 1,196 securities tied to U.S. residential mortgages, but wonders if anyone at the company will bear the consequences. Read the full article by Jody Shenn, “S&P May Reduce 1,196 Securities Tied to Residential Mortgages After Errors,” Bloomberg, December 15, 2010.