The New York Times' headline earlier today: "Egan-Jones Barred for 18 Months on Some Ratings."
The real headline: "SEC Bars Egan-Jones From Rating The US And Other Governments For 18 Months."
The agreement settles accusations that the firm made misstatements about its record when applying for a government designation, the S.E.C. said.
“Accuracy and transparency in the registration process are essential to the commission’s oversight of credit rating agencies,” Robert Khuzami, director of the S.E.C.’s division of enforcement, said in a statement.
But don't think of this step by the SEC as payback for dissing the Obama administration's reckless economic policies; consider it a mere coincidence.
Hat tip for title: JLA.