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Recent documents from the Los Angeles TimesCalifornia filed suit against Wall Street's biggest credit rating agency, Standard & Poor’s, charging the firm with violating the state's False Claims Act by using “magic numbers” and “guesses” to inflate ratings that...
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 -- 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, Credit Ratings, Trials, Finance, Securities
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...
When Bank of America credit officer Dan Petrik and his team sat down in early 2007 to analyze Sam Zell's plan to take control of Tribune Co., their numbers showed that the complex deal failed to meet five of the bank's 10 lending guidelines. There was...
Kenilworth officials will begin 2013 by trying to figure out what went wrong in 2012. With aging sewer and water main infrastructure pegged as a critical long-term need, residents voted in November against allowing home rule as a way to help finance the...
Tags: Plan B (drug), Politics, Elections, Voting
Some people have lost their taste for the stock market, with many concluding it's more dangerous than they can tolerate for their kids' college money or retirement savings. And they have reason to be anxious. At a Senate banking committee hearing in...
A wild windstorm swept through the nation's capital on Saturday, tossing broken tree limbs, downing power lines and forcing thousands of suburbanites to eat dinner by candlelight. On Sunday, with the skies sunny and mostly clear, the oppressive heat...
Clout StreetDon’t expect a vote on a plan to overhaul the state’s government worker pension program until after the new year, Illinois Senate President John Cullerton indicated Thursday. The North Side Democrat said that there simply aren’t...
Channel 2 NewsCatholic Social Services is getting ready to nearly triple the number of beds it offers to homeless women and their children in the near future. On Wednesday, CSS announced it had just acquired the Anchorage Eagles Nest Hotel, at 4110 Spenard Rd. The...
As the world struggles to deal with its two largest foreign-affairs dilemmas, Syria and Iran, resolutely standing in the way are the BRICs. That's the acronym foreign-policy wonks use for the block of nations that routinely refuses to join the...
PolitiCalDemocratic lawmakers and Gov. Jerry Brown have spent months disagreeing over how much money California should sock away in a rainy day fund. Lawmakers wanted to use some of the money on social services, but Brown insisted on keeping about......
Feb 6, 2013 | Los Angeles Times
Feb 5, 2013 | Allentown Morning Call
Feb 5, 2013 |Story| Los Angeles Times
Jan 30, 2013 |Story| Chicago Tribune
Jan 13, 2013 |Story| Baltimore Sun
Dec 31, 2012 |Story| Chicago Tribune
Sep 26, 2012 |Column| Chicago Tribune
Sep 18, 2012 |Story| Baltimore Sun
Sep 13, 2012 |Story| Chicago Tribune
Aug 29, 2012 |Story| KTUU
Jul 29, 2012 |Story| Baltimore Sun
Jun 29, 2012 | Los Angeles Times
Original site for Standard & Poor's Financial Services LLC topic gallery.