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dugit69

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dugit69

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Monday, 02/04/2013 3:46:25 PM

Monday, February 04, 2013 3:46:25 PM

Post# of 735973
US to File Civil Charges Against S&P Over Ratings!

Hope LT follows suit!

Federal prosecutors intend to bring civil charges against Standard & Poor's for wrongdoing in its rating of mortgage bonds prior to the 2008 financial crisis.

Allegations against the McGraw-Hill unit will center on the model used to rate the bonds and will reportedly be made in lawsuits to be filed as soon as this week.

A move by U.S. officials would be the first federal enforcement action against a major credit rating agency over alleged illegal behavior tied to the financial crisis.



http://www.cnbc.com/id/100432491

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