DOJ Investigating Moody’s Over Subprime Mortgage Ratings

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DOJ Investigating Moody’s Over Subprime Mortgage Ratings

Moody’s Investor Service is under investigation by the Justice Department for issuing favorable ratings to securities backed with the risky subprime loans that fueled the 2008 financial collapse. Justice Department officials have met with former Moody’s executives in recent months to gather information on the credit rating firm’s practices leading up the recession that began in…

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