Moody's says DoJ preparing complaint alleging rating violations over its handling of the mortgage bonds before the global credit crisis of 2008

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Moody’s says DoJ preparing complaint alleging rating violations over its handling of the mortgage bonds before the global credit crisis of 2008

Moody’s says DoJ preparing complaint alleging rating violations over its handling of the mortgage bonds before the global credit crisis of 2008

Go here to see the connection between the Government and Wall Street including these so called rating agencies that are getting tipped off of a complaint being in the works!!

Reuters-

Moody’s Corp (MCO.N), parent of ratings agency Moody’s Investor Services, said on Friday the U.S. Justice Department was preparing a civil complaint against the company, alleging violations of federal law in the run-up to the financial crisis.

The complaint alleges Moody’s violated the Financial Institutions Reform, Recovery and Enforcement Act while rating residential mortgage-backed securities and collateralized debt obligations.

Moody’s has periodically received subpoenas and inquiries from government authorities, including the Department of Justice, over its handling of the mortgage bonds before the global credit crisis of 2008.

[REUTERS]

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