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Execs off the hook at S&P
You may have heard last week about a couple of big lawsuits brought by federal and state governments, alleging that the credit rating agency Standard & Poor's concocted a fraudulent scheme that contributed to trillions of dollars in investment losses...
Tags: Mortgages, Criminals, Banking, September 11, 2001 Attacks, Phil Angelides
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PA joins the blame game against Standard & Poor's over financial crisis
Watchdog with Paul MuschickPennsylvania was among several states that filed lawsuits Tuesday alleging that credit rating agency Standard & Poor's contributed to the nation's financial crisis by fudging its ratings. S&P is accused of misconduct involving securities backed by... -
The vendetta against S&P, part II
WASHINGTON -- My last column on the federal suit against the bond-rating rating agency Standard & Poor's drew some critical reactions that are worth sharing with readers. In the column, I argued that S&P, which badly erred in rating bonds tied to home...
Tags: Mortgages, Citigroup Incorporated, Financial and Business Services, Moody's Corporation, Economy, Business and Finance
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Buttigieg: City's in good financial shape
South Bend TribuneSOUTH BEND -- The city of South Bend is in good financial shape. In fact, it's in better financial shape than many other cities its size in the state. That was the gist of Mayor Pete Buttigieg's address to the Common Council Monday concerning the...Tags: Credit Ratings, Safety of Citizens, Politics, Government, National Government
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California finances praised but not upgraded by Moody's
PolitiCalA major Wall Street rating agency said Monday morning that Gov. Jerry Brown's latest budget proposal shows California's finances are on the mend. But the agency, Moody's Investors Service, cautioned that California's progress could easily stall given... -
Is S&P to blame?
Federal and state prosecutors sued the credit rating agency Standard & Poor's this week for allegedly defrauding investors by giving inflated ratings to complex mortgage-backed securities that proved all but worthless after the housing bubble burst. The...
Tags: Mortgages, Financial and Business Services, Finance, Credit and Debt, Kamala D. Harris
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Justice Department, state officials to announce Standard & Poor's suit
WASHINGTON -- Justice Department officials and attorneys general from California and several other states were set Tuesday morning to announce a landmark civil suit against Standard & Poor's Corp. concerning the company's credit ratings of troubled...
Tags: Mortgages, Finance, Standard & Poor's Financial Services LLC, Trials, BP Plc
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S&P helped cause financial crisis with faulty ratings, Feds allege
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....
Tags: Mortgages, Finance, Financial Markets, Manufacturing and Engineering, Credit and Debt
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S&P says it faces Justice Department suit for mortgage ratings
WASHINGTON -- The Justice Department plans to file a civil lawsuit against Standard & Poor's for its ratings of mortgage-related investments leading up to the financial crisis, the company said Monday. The suit focuses on S&P's ratings in 2007 of some...
Tags: Mortgages, Moody's Corporation, Economy, Business and Finance, Credit Ratings, Finance
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State delays borrowing $500 million after credit rating downgrade
Clout StreetIllinois budget officials say the state will delay today's planned sale of $500 million in construction bonds after a recent credit downgrade. A spokesman for Gov. Pat Quinn's budget office said the decision was made after conversations with potential...Tags: Pat Quinn, Moody's Corporation, Credit Ratings, Standard & Poor's Financial Services LLC, Illinois Governor
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Fitch warns that debt-limit delay could hurt U.S. credit rating
WASHINGTON — A failure by Congress to raise the debt limit "in a timely manner" could lead to a downgrade of the nation's AAA credit rating, Fitch Ratings said Tuesday. Republicans want major government spending cuts in exchange for a debt-limit...
Tags: Social Security, Republican Party, Federal Reserve, Minor League Baseball, U.S. Department of the Treasury
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Illinois credit rating takes hit after no action on pensions
Clout StreetSPRINGFIELD — One of the nation's leading credit-rating firms put Illinois on a negative watch list today because Gov. Pat Quinn and state lawmakers failed to address the overwhelming public pension debt in the just-completed lame-duck session....Tags: Wrigley Field, Pat Quinn, Regional Authority, Executive Branch, Tom Cross
Feb 9, 2013
|Column| Los Angeles Times
Feb 5, 2013
| Allentown Morning Call
Feb 12, 2013
|Column| Orlando Sentinel
Feb 11, 2013
|Story| South Bend Tribune
Feb 4, 2013
| Los Angeles Times
Feb 6, 2013
|Story| Los Angeles Times
Feb 5, 2013
|Story| Los Angeles Times
Feb 5, 2013
|Story| Los Angeles Times
Feb 4, 2013
|Story| Los Angeles Times
Jan 30, 2013
|Story| Chicago Tribune
Jan 15, 2013
|Story| Los Angeles Times
Jan 11, 2013
|Story| Chicago Tribune
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