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Monday, Mar 11
Several legal and business experts believe S&P (MHP) will win its battle with the Justice...
Several legal and business experts believe S&P (MHP) will win its battle with the Justice Department over the ratings of mortgage bonds that collapsed in the financial crisis. Defense arguments that S&P can use include being not the only organization - including the Fed - to misread the signs of impending doom, and the lack of available witnesses. The DOJ has found some fairly damaging emails, but cases based on just this kind of evidence apparently rarely win out.