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US fined Moodys

US fined Moody's

US fined Moody’s with $864 million to inflate junk mortgages

2017-01-14
On: January 14, 2017
In: Business, Economy

The rating agency Moody’s has agreed to pay a fine of 864 million dollars for role in the subprime crisis that erupted in 2008, said today the United States Department of Justice. “Moody’s did not meet its own standards of credit rating and not kept its promise of transparency inContinue Reading

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