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Justice prepares civil suit against S&P over grading of financial products befor


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2013 Feb 4, 6:14am   1,234 views  5 comments

by FunTime   ➕follow (1)   💰tip   ignore  

http://www.washingtonpost.com/business/economy/justice-prepares-to-file-civil-lawsuit-against-sandp-over-alleged-misgrading/2013/02/04/e3605b5e-6eff-11e2-ac36-3d8d9dcaa2e2_story.html?source=Patrick.net

Pedestrians pass in front of the New York Stock Exchange (NYSE) in New York. The Justice Department is preparing to file a civil lawsuit against the ratings agency Standard & Poors centered on the companys alleged misgrading of complex financial products at the heart of the financial crisis.

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1   FunTime   2013 Feb 4, 6:32am  

Thanks. Looked and didn't see it.

2   FunTime   2013 Feb 4, 6:33am  

I posted the Washington Post article, so slightly different even if AP.

3   🎂 RealEstateIsBetterThanStocks   2013 Feb 4, 7:58am  

why so long after the crisis?

4   🎂 RealEstateIsBetterThanStocks   2013 Feb 4, 8:07am  

KarlRoveIsScum says

because of S&P downgrades

i was expecting underwater man to come in here and say that but you did it.

5   FunTime   2013 Feb 4, 8:11am  

Mark D says

why so long after the crisis?

It will get less attention from large numbers of people who could decide to take money out of the lending pool, but that amount of money has to be sought at some point.

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