TV News LIES

Sunday, Sep 22nd

Last update05:20:13 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...


Report: US government losing billions in corporate tax revenue from IRS budget cuts

IRS losing billions from cutsThe federal government could have collected $34.3 billion more in taxes from the nation’s largest corporations...

All Avenue stores closing, liquidation now underway

All Avenue stores closing Another women's retailer is closing all of its stores. Plus-size retailer the Avenue will close its 222...

U.S. stocks stumble on fears of looming recession

Stocks tumbleWall Street stumbled on Wednesday as investors fled equities for safe-haven assets, seeking shelter amid gathering...

Most Americans are living paycheck to paycheck, survey shows

Living paycheck to paycheck When you have a seemingly endless list of bills to pay and financial responsibilities to take...
 
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!