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News Link • Housing

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

• Washington Post
The Justice Department is preparing to file a civil lawsuit against the ratings agency Standard & Poor’s that will allege the company gave its seal of approval to toxic investments at the heart of the financial crisis, according to the company and people briefed on the case.

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Comment by Powell Gammill
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http://dealbook.nytimes.com/2013/02/04/u-s-and-states-prepare-to-sue-s-p-over-mortgage-ratings/


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