Moody’s Corp. agreed to pay nearly $864 million to settle claims in its role providing credit ratings for Residential #mortgage-Backed Securities and Collateralized Debt Obligations that contributed to the financial crisis. “Moody’s failed to adhere to its own credit rating standards and fell short on its pledge of transparency in the run-up to the Great Recession,” said Principal Deputy Associate Attorney General Bill Baer. http://www.housingwire.com/articles/38964-moodys-reaches-864-million-settlement-over-rmbs-credit-ratings ❤️ #share #mortgage
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