S&P lawsuit revives focus of credit agencies role in the financial crisis

The Justice Department’s lawsuit against Standard & Poor’s this week has revived focus on the role of the rating agencies in causing the financial crisis. Yet four years after shoddy mortgage investments bearing top grades nearly took down the country’s economy, government attempts to revamp the rating-agency industry have stalled.

Nearly everyone agrees there needs to be an overhaul of the way complex financial products get rated for their riskiness. But attempts to change the system keep running into the same roadblock: The rating agencies, however flawed, have become so crucial to the workings of Wall Street that no one can live without them.

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G-Rate sued for gender discrimination, sexual harassment, unpaid comp 

A former Guaranteed Rate LO is suing the lender and two managers for allegedly discriminating against her on the basis of gender, failing to compensate her equal to male co-workers, and subjecting her to sexual harassment.

3d rendering of a row of luxury townhouses along a street

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