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US probes Standard & Poor’s over mortgages

By: Yossel in BRKB | Recommend this post (0)
Thu, 18 Aug 11 1:54 PM | 18 view(s)
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Update: 18/08/2011 - banking - Economic crisis - economy - USA

US probes Standard & Poor’s over mortgages

The US Justice Department has launched an investigation into the Standard & Poor’s ratings agency over whether it improperly rated mortgage securities in the years before the financial crisis, the New York Times reported on Wednesday.

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http://www.france24.com/en/20110818-usa-justice-department-investigates-standard-poors-mortgages-times-downgrade-aaa-rating




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