S&P helped cause financial crisis with faulty ratings, Feds allege
Los Angeles Times
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.
Justice Department Faces Uphill Battle in Proving S.& P. Fraud
Bernanke Voiced Alarm Over Credibility of Ratings Firms
Buffett, Einhorn Fight Breaks Out as Government Charges S&P With Fraud
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