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The electoral map, the demographics behind President Barack Obama's re-election and the high-end tax increases that were just wrung from the Republicans give Democrats reason to believe that long-term political trends are on their side in budget...
You may have heard last week about a couple of big lawsuits brought by federal and state governments, alleging that the credit rating agency Standard & Poor's concocted a fraudulent scheme that contributed to trillions of dollars in investment losses...
Tags: Eric Holder, Banking, Kamala D. Harris, Finance, Politics
Watchdog with Paul MuschickPennsylvania was among several states that filed lawsuits Tuesday alleging that credit rating agency Standard & Poor's contributed to the nation's financial crisis by fudging its ratings. S&P is accused of misconduct involving securities backed by...
WASHINGTON -- My last column on the federal suit against the bond-rating rating agency Standard & Poor's drew some critical reactions that are worth sharing with readers. In the column, I argued that S&P, which badly erred in rating bonds tied to home...
South Bend TribuneSOUTH BEND -- The city of South Bend is in good financial shape. In fact, it's in better financial shape than many other cities its size in the state. That was the gist of Mayor Pete Buttigieg's address to the Common Council Monday concerning the...
PolitiCalA major Wall Street rating agency said Monday morning that Gov. Jerry Brown's latest budget proposal shows California's finances are on the mend. But the agency, Moody's Investors Service, cautioned that California's progress could easily stall given...
Federal and state prosecutors sued the credit rating agency Standard & Poor's this week for allegedly defrauding investors by giving inflated ratings to complex mortgage-backed securities that proved all but worthless after the housing bubble burst. The...
WASHINGTON -- Justice Department officials and attorneys general from California and several other states were set Tuesday morning to announce a landmark civil suit against Standard & Poor's Corp. concerning the company's credit ratings of troubled...
Tags: Eric Holder, Securities, Mortgages, Kamala D. Harris, Finance
WASHINGTON -- Standard & Poor's Corp. helped cause the financial crisis by misleading investors with falsely high credit ratings on bonds backed by toxic subprime mortgages, federal officials alleged Tuesday in announcing a civil suit against the company....
WASHINGTON -- The Justice Department plans to file a civil lawsuit against Standard & Poor's for its ratings of mortgage-related investments leading up to the financial crisis, the company said Monday. The suit focuses on S&P's ratings in 2007 of some...
Clout StreetIllinois budget officials say the state will delay today's planned sale of $500 million in construction bonds after a recent credit downgrade. A spokesman for Gov. Pat Quinn's budget office said the decision was made after conversations with potential...
Thank you, President Pro Tem Dempsey, Speaker Jones, judges of the Missouri Supreme Court, Lieutenant Governor Kinder, state officials, members of the legislature, members of my cabinet, and my fellow Missourians. This evening it is my pleasure to be...
Jan 11, 2013 |Story| Chicago Tribune
Feb 9, 2013 |Column| Los Angeles Times
Feb 5, 2013 | Allentown Morning Call
Feb 12, 2013 |Column| Orlando Sentinel
Feb 11, 2013 |Story| South Bend Tribune
Feb 4, 2013 | Los Angeles Times
Feb 6, 2013 |Story| Los Angeles Times
Feb 5, 2013 |Story| Los Angeles Times
Feb 5, 2013 |Story| Los Angeles Times
Feb 4, 2013 |Story| Los Angeles Times
Jan 30, 2013 |Story| Chicago Tribune
Jan 29, 2013 |Story| KY3-TV
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