Holder Cites ‘Egregious’ Conduct as U.S. Sues S&P

Feb. 5 (Bloomberg) -- U.S. Attorney General Eric Holder speaks at a news conference in Washington about the Justice Department's lawsuit accusing McGraw-Hill Cos. and its Standard & Poor’s unit of three types of fraud in the first federal case against a ratings company for grades related to the worst financial crisis since the Great Depression. Associate Attorney General Tony West; Deputy Assistant Attorney General Stuart Delery; Andre Birotte, the U.S. attorney for the Central District of California; Connecticut Attorney General George Jepsen; California Attorney General Kamala Harris; Delaware Attorney General Beau Biden; Mississippi Attorney General Jim Hood; Illinois Attorney General Lisa Madigan and Iowa Attorney General Thomas Miller also speak. (Source: Bloomberg)

Buffett Renews Criticism of Hedge Funds in Annual Letter
47:33 - In his annual letter to Berkshire Hathaway shareholders, Warren Buffett wrote at length about a point he's been highlighting for more than a decade: the hefty fees charged by hedge funds and the benefits their reaping at the expense of clients. Bloomberg's Ramy Inocencio reports on "Bloomberg Daybreak: Asia." (Source: Bloomberg)
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