Monthly Archives: January 2012

Suit by Illinois AG Claims Credit Rating Agency Ignored Risks of Bundled Mortgages

llinois Attorney General Lisa Madigan claims in a lawsuit filed on Wednesday that Standard & Poor’s gave high ratings to mortgage-backed securities while ignoring the risks of the investments. Madigan accuses the company of bolstering ratings to retain clients and generate revenue, report the Chicago-Sun-Times and the Associated Press. The suit refers to employee emails [...]

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