U.S. Accuses S.&P. of Fraud in Suit on Loan Bundles - NYTimes.com

This took longer than expected.

U.S. Accuses S.&P. of Fraud in Suit on Loan Bundles - NYTimes.com:


"The Justice Department filed civil fraud charges late on Monday against the nation’s largest credit-ratings agency, Standard & Poor’s, accusing the firm of inflating the ratings of mortgage investments

From September 2004 through October 2007, S.&P. “knowingly and with the intent to defraud,