S&P faces U.S. probe on mortgages

NEW YORK (CNNMoney) — Ratings agency Standard & Poor’s is being investigated by the U.S. Justice Department for allegedly overrating mortgage-backed securities, whose meltdown led to the 2008 financial crisis, according to two sources with knowledge of the investigation.

The sources confirmed to CNN that Justice Department attorneys interviewed current and former S&P credit analysts earlier this year.  Read more

Categories: Economics, United States

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