Wednesday, February 6, 2013

US sues Standard & Poor’s over its ratings of bundled mortgages

Legal News

US sues Standard & Poor’s over its ratings of bundled mortgages

The U.S. government has filed a civil fraud suit against Standard & Poor’s that claims the ratings service gave unwarranted optimistic ratings to bundled mortgages that tanked during the financial downturn. The Justice Department filed su…

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