Date: February 11th, 2013

It’s about time, five billion bucks’ worth: Part 1, Ignored its own standards

11 February, 2013 (15:28) | Enforcement, Fitch, Litigation, Moody's, Rating agencies, Regulation, Securitization, Standard & Poor's, Subprime, US News |

By:David A. Smith   Wall Street Journal (February 5, 2013):   In what can only be vindication for a position I first advocated 5½ years ago, the Justice Department has finally stopped dithering and sued Standard & Poor’s for complicity in the subprime fiasco:   The Justice Department sued Standard & Poor’s Ratings Services late […]