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The Standard & Poor's building in New York.
The Standard & Poor's building in New York.
(CHARLES PLATIAU/REUTERS)

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The e-mails S&P didn’t want you to see

Has there ever been a greater gift to prosecutors than the invention of e-mail? The answer would appear to be no, judging from some of the correspondence contained in the U.S. civil complaint filed on Monday against Standard & Poor’s Ratings Service.

Once again, it makes for disturbing reading as S&P employees – like so many bankers before them – openly trash the investments they go on to endorse.