 CNBC.com |
S&P E-Mails on Mortgage Crisis Show Alarm and Gallows Humor
CNBC.com The executive at Standard & Poor's was clear: "This market is a wildly spinning top which is going to end badly." That sober assessment of certain mortgage-related investments, delivered to colleagues in a confidential memo in December 2006, is now part of … How S&P 'Burned down the house' Iowa joins government, states in S&P lawsuit US DoJ accuses S&P of $ 5bn fraud |
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