Thursday, August 18, 2011

S&P may face probe on mortgages

Rating company S&P is being investigated by the Department of Justice for its possible role in the financial collapse.

"Ratings agency Standard & Poor's is being investigated by the U.S. Justice Department for allegedly overrating mortgage-backed securities, whose meltdown led to the 2008 financial crisis, according to two sources with knowledge of the investigation. "

Check out the full story on CNN here.

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