Standard & Poor's inflated its ratings of mortgage-backed
securities, ignoring the inherent credit risks that brought the
financial sector to its knees in 2008, the U.S. government says in
Federal Court.
Filed late Monday in the Central District of California, the complaint alleges that the McGraw Hill-owned credit-rating agency defrauded investors in structured financial products known as residential mortgage-backed securities (RMBS) and collateralized debt obligations (CDOs).
Read more: http://www.courthousenews.com/2013/02/05/54588.htm
Filed late Monday in the Central District of California, the complaint alleges that the McGraw Hill-owned credit-rating agency defrauded investors in structured financial products known as residential mortgage-backed securities (RMBS) and collateralized debt obligations (CDOs).
Read more: http://www.courthousenews.com/2013/02/05/54588.htm
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