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U.S. Accuses S.&P. of Fraud in Suit on Loan Bundles

The U.S. Justice Department late Monday filed civil fraud charges against the nation’s largest credit-ratings agency, Standard & Poor’s, accusing the firm of inflating the ratings of mortgage investments and setting them up for a crash when the financial crisis struck.

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U.S. Accuses S.&P. of Fraud in Suit on Loan Bundles