US To Sue S&P Over Mortgage Ratings In Historic Case

The U.S. Justice Department is planning to sue Standard & Poor’s over its 2007 mortgage ratings in what would be the United State’s first federal case against a major credit rating agency,according to the Financial Times. U.S. regulators are taking the agency to task over the top-notch rating it gave securities, or CDOs, in the leadup to the 2008 […]