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U.S GOVERNMENT IS SEEKING $5 BILLION IN ITS CIVIL LAWSUIT AGAINST S&P.

THE U.S GOVERNMENT BROUGHT A $5 BILLION CIVIL LAWSUIT AGAINST STANDARD & POOR’s FOR DRAGGING ITS FEET OVER CHANGES TO ITS MODELS BEFORE THE FINANCIAL CRISIS, WHICH LED TO OVER-OPTIMISTIC RATINGS OF MORTGAGE-BACKED SECURITIES.

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