THEN: Corbet ran Standard & Poor’s until 2007. The ratings agency was excoriated for conflicts of interest and lavishing AAA ratings on CDOs that later tanked in value.
NOW: In February the U.S. sued S&P for fraud tied to the faulty ratings. S&P says the suit is payback for lowering the U.S.’s credit rating. Corbet is a principal at Cross Ridge Capital, a venture-capital firm.
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