Rating Agency Moody’s Pays $864 Million In Reparations For 2008 Financial Crisis

the journal.ie. – January 13, 2017

RATINGS AGENCY MOODY’S has agreed to pay nearly $864 million (€812 million)in a settlement with the US authorities over its inflated ratings of risky mortgage securities that contributed to prompting the 2008 global financial crisis, the US Justice Department says.

Riskly loans at a phony rate.
Now just a fine (and 9 years late.)

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