The US Attorney for Los Angeles, André Birotte, Jr., sued Standard and Poors for wire fraud against financial institutions earlier this week. Thanks to FT Alphaville, we have a copy of the complaint. This is a fraud case, and the rules require that the circumstances showing fraud be alleged “with particularity”. The complaint is full of particularity, about 110 pages worth. You can get a good idea of the sense of the complaint from the table of contents. Let’s take a look at the alleged facts; I’ll have a separate post on legal stuff.

Please keep sending me those e-mails, but don’t get hurt feelings if I don’t respond. And good luck with that re-election thing.

If we work together as a community, maybe we can get some criminal prosecutions for the crimes that caused the Great Crash. It doesn’t happen by accident.