Justice Filing Suit Against S&P Over 2008 Meltdown

Feds will accuse firm of fraudulently rating mortgage bonds

By Neal Colgrass,  Newser Staff

Posted Feb 4, 2013 2:49 PM CST

(Newser) – The Justice Department and state prosecutors are filing a lawsuit against the Standard & Poor's Ratings Service for its apparent role in the 2008 financial meltdown, the New York Times reports. The civil suit will accuse S&P of rating mortgage bonds too highly...   Read full story »


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