Clayton's

Simply stated, there was nothing Clayton discussed with the various rating agencies prior to the collapse of the securitization market, that to Clayton's knowledge would have lead the rating agencies to alter their approach.

Pandering To Clients, Firm Distances Itself From Wall Street Whistleblower's Testimony The Huffington Post News Team 2010

That's where Clayton tries to put distance between itself and Johnson, who in Clayton's 2007 annual report, filed with the Securities and Exchange Commission, was among three executives described as "difficult to replace" and who the firm depended on "in large part" for its "future success."

Pandering To Clients, Firm Distances Itself From Wall Street Whistleblower's Testimony The Huffington Post News Team 2010

Clayton met multiple times with the rating firms throughout 2006 and '07, according to Johnson's testimony and Clayton's letter.

Pandering To Clients, Firm Distances Itself From Wall Street Whistleblower's Testimony The Huffington Post News Team 2010

He simply referred to Clayton's "exception-tracking mechanism," which Clayton rolled out to its clients beginning in late 2005, according to its letter.

Pandering To Clients, Firm Distances Itself From Wall Street Whistleblower's Testimony The Huffington Post News Team 2010

Speculation about Clayton's motives to send the letter a week after the public hearing center on the firm's desire to not run afoul of former, current or future clients.

Pandering To Clients, Firm Distances Itself From Wall Street Whistleblower's Testimony The Huffington Post News Team 2010

Simply stated, there was nothing Clayton discussed with the various rating agencies prior to the collapse of the securitization market, that to Clayton's knowledge would have lead the rating agencies to alter their approach.

Pandering To Clients, Firm Distances Itself From Wall Street Whistleblower's Testimony The Huffington Post News Team 2010

He simply referred to Clayton's "exception-tracking mechanism," which Clayton rolled out to its clients beginning in late 2005, according to its letter.

Pandering To Clients, Firm Distances Itself From Wall Street Whistleblower's Testimony The Huffington Post News Team 2010

That's where Clayton tries to put distance between itself and Johnson, who in Clayton's 2007 annual report, filed with the Securities and Exchange Commission, was among three executives described as "difficult to replace" and who the firm depended on "in large part" for its "future success."

Pandering To Clients, Firm Distances Itself From Wall Street Whistleblower's Testimony The Huffington Post News Team 2010

"First, at no time did Clayton share any client reports or data, much less the beta Trending Reports, with any rating agency," reads the letter, addressed to Angelides and signed by Paul T. Bossidy, Clayton's chief executive officer.

Pandering To Clients, Firm Distances Itself From Wall Street Whistleblower's Testimony The Huffington Post News Team 2010

Speculation about Clayton's motives to send the letter a week after the public hearing center on the firm's desire to not run afoul of former, current or future clients.

Pandering To Clients, Firm Distances Itself From Wall Street Whistleblower's Testimony The Huffington Post News Team 2010