S&P Blasts DOJ Over States' RMBS Litigation Strategy
By Ciaran McEvoy ( April 2, 2013, 7:05 PM EDT) -- Standard & Poor's Financial Services LLC alleged Tuesday that the U.S. Department of Justice failed to tell a Connecticut federal judge of its collaboration with 17 state attorneys general in lawsuits accusing the firm of shoddy practices in rating residential mortgage-backed securities and collateralized debt obligations....
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