PDA

View Full Version : US accuses SP of fraud in mortgage bond ratings - Inquirer.net



FraudNews
02-06-2013, 01:32 AM
table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNGm-mtEGi-7nThScBSxVLzun4j86wamp;url=http://economictimes.indiatimes.com/news/international-business/us-govt-slams-sp-with-5-billion-fraud-lawsuit/articleshow/18356351.cmsimg src=//nt2.ggpht.com/news/tbn/evtrVUqFfVcm_M/0.jpg alt= border=1 width=80 height=60 /br /font size=-2Economic Times/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNGwrXhCHHTi2BDEpgLNsw 7ykVzkdAamp;url=http://business.inquirer.net/106215/us-accuses-sp-of-fraud-in-mortgage-bond-ratingsbUS accuses Samp;P of bfraud/b in mortgage bond ratings/b/abr /font size=-1bfont color=#6f6f6fInquirer.net/font/b/fontbr /font size=-1Standard amp; Poor#39;s has been accused Tuesday, Feb. 5, 2013, by the US Justice Department, which alleged that the rating agency knowingly exaggerated the ratings on financial securities, misrepresenting their true credit risk. AP PHOTO/HENNY RAY b.../b/fontbr /font size=-1a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNFa3n-NVtOAEnQ9vN5fMGafB1PHlQamp;url=http://online.wsj.com/article/SB10001424127887324445904578285802822704578.html?m od%3Dgooglenews_wsjInside US bFraud/b Lawsuit Against Samp;P/afont size=-1 color=#6f6f6fnobrWall Street Journal/nobr/font/fontbr /font size=-1a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNFCjjSc3toGhskiZWM5db hWgFWf8wamp;url=http://uk.reuters.com/article/2013/02/05/uk-mcgrawhill-sandp-civilcharges-idUKBRE9140WX20130205US government hits Samp;P with 3 billion pounds bfraud/b lawsuit/afont size=-1 color=#6f6f6fnobrReuters UK/nobr/font/fontbr /font size=-1a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNETFmOioV-oEh-pYo6zIZF5gQlyIAamp;url=http://www.ft.com/cms/s/0/80c9bcb6-6fad-11e2-8785-00144feab49a.htmlUS accuses Samp;P of $5bn bfraud/b/afont size=-1 color=#6f6f6fnobrFinancial Times/nobr/font/fontbr /font size=-1 class=pa href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNGm-mtEGi-7nThScBSxVLzun4j86wamp;url=http://economictimes.indiatimes.com/news/international-business/us-govt-slams-sp-with-5-billion-fraud-lawsuit/articleshow/18356351.cmsnobrEconomic Times/nobr/anbsp;-a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNEEGmkD7v7-LmQIUGya3UZzyfF12wamp;url=http://dealbook.nytimes.com/2013/02/05/justice-department-faces-uphill-battle-in-proving-s-p-fraud/nobrNew York Times/nobr/a/fontbr /font class=p size=-1a class=p href=http://news.google.co.za/news/more?ncl=dbMQx7qaLleVuxMJzR8UKKfMWLIGMamp;ned=en_z anobrball 376 news articlesnbsp;raquo;/b/nobr/a/font/div/font/td/tr/table

More... (http://news.google.com/news/url?sa=tfd=Rusg=AFQjCNGwrXhCHHTi2BDEpgLNsw7ykVzkdA url=http://business.inquirer.net/106215/us-accuses-sp-of-fraud-in-mortgage-bond-ratings)