S&P helped cause financial crisis with faulty ratings, Feds allege – Los Angeles Times
 Boston Globe |
S&P helped cause financial crisis with faulty ratings, Feds allege
Los Angeles Times WASHINGTON — Standard & Poor's Corp. helped cause the financial crisis by misleading investors with falsely high credit ratings on bonds backed by toxic subprime mortgages, federal officials alleged Tuesday in announcing a civil suit against the company. Justice Department Faces Uphill Battle in Proving S.& P. Fraud Bernanke Voiced Alarm Over Credibility of Ratings Firms Buffett, Einhorn Fight Breaks Out as Government Charges S&P With Fraud |
