Tag: US Financial Crisis Inquiry Commission

• Tuesday, February 5th 2013 - 01:49 UTC

  US government to sue Standard & Poor’s over 2007 mortgage-bonds assessments

  

  Standard & Poor's says it is to be sued by the US government over the credit ratings agency's assessment of mortgage bonds before the financial crisis. The civil lawsuit would focus on S&P high ratings in 2007 for some mortgage-backed securities that later collapsed in value, said the agency.