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  • DOJ planning to sue Moody's over crisis-era mortgage bond ratings

    In the fallout from the financial crisis, many argued that the credit ratings agencies’ competition for business led to ratings shopping among bond issuers and relaxed ratings standards for the ratings agencies themselves. Last year, Standard & Poor's reached a $1.375 billion settlement over just such claims. And now the Department of Justice is taking aim at Moody's Investors Service. Click the headline to read more.

Items Tagged with 'MSNBC'


CNN produces HUD Secretary Castro ad, er, interview

It’s definitely, definitively not news – It’s CNN
CNN has been circling the drain for quite a while now, hanging on to its last, tattered vestiges of credibility like it hangs onto Asian airline disaster stories. The latest attempt at housing news has all the nutritional value of a White House approved school lunch.
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Negotiations in High Gear After Senate Passes Stimulus Bill

After the Senate voted 61-37 Tuesday afternoon to approve its $838 billion version of President Obama's economic stimulus bill, House-Senate negotiations were immediately underway -- stretching late into Tuesday night -- and there now appears to be a deal in the works to finalize the legislation. Negotiators are expected to emerge from closed-door meetings later Wednesday and gather in a public session to sign off on a compromise bill, tentatively holding a price tag of $790 billion, that would then be sent to the full House and Senate for final approval.
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