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US probes Moody's over mortgage ratings: Report

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Moody's Investors Service is under investigation by the U.S. Justice Department for its actions in advance of the 2008 financial crisis, the Wall Street Journal reported on Sunday, with regulators probing why it issued favorable ratings to mortgage deals that ultimately went bust.

S&P Data-Fudging Began in 2004, U.S. Suit Says: Timeline

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A Standard & Poor’s analyst in 2004 sent an e-mail to executives at the rating company’s structured- finance group. It had lost a job to Moody’s rating a mortgage- backed security because S&P criteria were more demanding, and something had to be done, the analyst allegedly wrote.

Too Big To Fail Often Means Too Big For Jail

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Five years after a wave of risky mortgage bets cratered the banking system and sent the global economy into recession, not a single senior executive from the biggest banks has gone to jail.

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US probes Moody's over mortgage ratings: Report

Moody's Investors Service is under investigation by the U.S. Justice Department for its actions in advance of the 2008 financial crisis, the Wall Street Journal reported on Sunday, with regulators probing why it issued favorable ratings to mortgage deals that ultimately went bust.