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Tag Archives: Standard and Poor’s

S&P continues its 5-year climb

Standard & Poor’s has been a part of the financial landscape for almost 100 years, but in March of 2009, the housing crisis brought both it and its rival Dow to their knees. The S&P Index hit a 13-year  low at 676.53, but that was just the beginning of a five-year run that has recently pushed the Index over 2,000 ...

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Feds, states join Miss. in suing S&P over suspect mortgage bond ratings

Mississippi Attorney General Jim Hood now has ample company in a fight to force Standard and Poor’s to give up hundreds of millions it made in profits in exchange for suspect ratings of mortgage bonds before the financial crisis of 2008. In essence, enforcement actions filed Tuesday by the states and U.S. Justice Department accuse S&P of a rate- for-pay ...

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