S&p Helped Cause Financial Crisis With Faulty Ratings, Feds Allege

By Jim Puzzanghera, Los Angeles Times
Tue, 02/05/2013 - 11:50am

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.

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Topics: civil suit credit rating financial crisis housing market lawsuit rating agency s&p standard & poor's subprime mortgage

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