As Feds Step up Mortgage Fraud Fight, Credit Rating Agencies in the Crosshairs, as SEC Actions Continue
December 11, 2009
Top federal law enforcement officials this week indicated that as the government’s efforts to fight mortgage and securities fraud continues to escalate, the scope of their attention is widening to include the credit rating agencies, which have come under withering criticism on Capitol Hill for their endorsements of numerous deals that later went sour. “There were a lot of securities that...