S&P and Moody’s take it heavy in an SEC hearing. A run-up to a replay of their 2008-09 vilification?
Cincinnati roofer, Niagara Falls electrical worker plans are 16th and 17th funds affected.
Although the first quarter was a wipe-out for plans, a surge in a special-strategy segment of the portfolio limited the damage in the smallest state.
Ross McLellan was convicted in 2018 of plugging hidden commissions into trades.
Some bonds may be beyond hope, and once the central bank’s backstop ends, there goes the artificial price support.