Justice Department and States to Sue Standard & Poor’s Ratings Service For Fraudulently Rating Mortgage Bonds

Orin Kerr The Volokh Conspiracy 2/4/2013

The New York Times Dealbook blog has news of an important new case likely to be filed soon:

The Justice Department, along with state prosecutors, plans to file civil charges against Standard & Poor’s Ratings Service, accusing the firm of fraudulently rating mortgage bonds that led to the financial […]

Fed, Citing Slowdown, to Buy U.S. Debt

The New York Times 8/10/2010

WASHINGTON — The Federal Reserve acknowledged on Tuesday that its confidence in the economic recovery had dimmed, and announced that it would use the proceeds from its huge mortgage-bond portfolio to buy long-term Treasury securities.

Saying it would buy relatively modest amounts of government debt, analysts said the Fed signaled […]

Fed Mulls Symbolic Shift

Officials to Consider Putting More Money Into Bond Market as Recovery Wavers

Jon Hilsenrath The Wall Street Journal 8/3/2010

Federal Reserve officials will consider a modest but symbolically important change in the management of their massive securities portfolio when they meet next week to ponder an economy that seems to be losing momentum.

The issue: […]

U.S. Accuses Goldman Sachs of Fraud in Mortgage Deal

Louise Story and Gretchen Morgenson The New York Times 4/16/2010

Goldman Sachs, which emerged relatively unscathed from the financial crisis, was accused of securities fraud in a civil suit filed Friday by the Securities and Exchange Commission, which claims the bank created and sold a mortgage investment that was secretly devised to fail.

The […]

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