Tchir on Australian Townships' Suits Against S&P

Tchir on Australian Townships' Suits Against S&P Play

March 30 (Bloomberg) –- Peter Tchir, founder of TF Market Advisors, talks about litigation Australian townships filed against Standard & Poor's for its AAA rating on so-called Rembrandt notes. S&P said 13 Australian townships that lost almost all of their A$17 million ($17.7 million) investment in derivative-linked notes shouldn’t have relied just on the AAA rating issued by the U.S. company. Tchir speaks from New York with Susan Li on Bloomberg Television's "First Up." (Source: Bloomberg)

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