S&P Claims US Fraud Case Is Punishment, Seeks Conversation Records – ValueWalk Premium

S&P Claims US Fraud Case Is Punishment, Seeks Conversation Records

Standard & Poor's, the only ratings agency charged by the US government with fraud over its ratings of mortgage-backed securities that ultimately imploded the economy in 2008, is seeking records of conversations that took place between then Treasury Secretary Timothy Geithner and President Barack Obama to bolster claims that the government is punishing S&P for its historic downgrade of US government debt in 2011.

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