The SEC has charged six credit rating agencies with “significant recordkeeping failures.” If all the credit rating agency’s are corrupt, is there anything that isn’t?

https://www.sec.gov/newsroom/press-releases/2024-114#:~:text=The%20firms%20admitted%20the%20facts,implementing%20improvements%20to%20their%20compliance TL;DR: Six credit rating agencies charged by SEC for recordkeeping failures. Firms admit wrongdoing and pay over $49 million in penalties. Moody’s, S&P Global, Fitch, HR Ratings, A.M. Best, and Demotech involved. Most firms required to retain compliance consultants. SEC emphasizes importance of recordkeeping for investor protection. BREAKING: The SEC has charged six credit …

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CULTURE OF CORRUPTION: Lina Khan’s Recusal Coverup: The Federal Trade Commission Chair flouted the advice of the agency’s ethics officer.

via WSJ: Federal ethics rules require executive-branch employees to recuse themselves when circumstance would cause a “reasonable person with knowledge of the facts to question his impartiality.” FTC ethics official Lorielle Pankey wrote in a 14-page memo dated Aug. 31, 2022 that Ms. Khan’s past statements about Meta were such a circumstance. “In my view, …

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