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Way Too Little, Way Too Late: Department of Justice to Sue Moody’s Over Pre 2008 Mortgage Securities Ratings

Monday, October 24, 2016 17:26
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Feds to sue Moody’s over mortgage securities ratings The Department of Justice plans to sue Moody’s over valuations the company assigned to mortgage-backed securities in the run-up to the nation’s financial crisis in 2008, the financial ratings giant said Friday. Investors sent Moody’s (MCO) shares down more than 5.4% or $5.85 to a $102.24 close. Prosecutors wrote in a … Read more

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