TV News LIES

Tuesday, Aug 09th

Last update02:57:11 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...


US Employers Add 528,000 Jobs, Defy Recession Fears

528K jobs added in July 2022Defying anxiety about a possible recession and raging inflation, America’s employers added a stunning 528,000 jobs...

Drug company AbbVie used Trump tax law to shield profits, Senate report finds

AbbVie used Trump tax laws to hide profits Pharmaceutical giant AbbVie generates almost all of its sales in the United States but has allegedly...

Fed hikes interest rates another 75 basis points as recession warnings flash

Federal ReserveThe Federal Reserve announced another steep interest rate hike Wednesday, ramping up its efforts to bring...

Netflix lays off 300 employees in second round of mass job cuts

Netflix lays off 300 Netflix has laid off 300 employees in a second round of layoffs after letting go 150...
 
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!