TV News LIES

Thursday, Jul 31st

Last update05:24:54 AM GMT

You are here News Economy S&P expects to be sued by Department of Justice over ratings on mortgage-backed bonds

S&P expects to be sued by Department of Justice over ratings on mortgage-backed bonds

E-mail Print PDF

Standard and PoorStandard & Poor’s says the government plans to file a lawsuit alleging wrongdoing by the agency when it gave high ratings to mortgage-backed securities that later plunged in value and fueled the 2008 financial crisis.

S&P said Monday that it has been told by the Department of Justice that it intends to file a civil lawsuit focusing on S&P’s ratings on some mortgage-backed securities in 2007.

More...


Most Recent Related Stories...


Judge Orders Bank Of America To Pay $1.3 Billion Fine

Bank of AmericaA federal judge has ordered Bank of America to pay a $1.27 billion fine for fraud...

Banks accused of rigging silver price

silver price riggingDeutsche Bank, HSBC and Bank of Nova Scotia have been accused of attempting to rig the...

A third of Americans delinquent on debt

Americans in debtMore than a third of the country is in trouble when it comes to paying debts...

85 wealthiest are richer than poorest 3.5 billion

gatesThe U.N.'s annual Human Development Report released Thursday shows that the world's 85 richest people are...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!