Moody's Says Pension Holes May Hurt US State Ratings
Moody’s Investors Service has said in a report that pension obligations will continue to weigh on states’ credit ratings.
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Judge Dismisses Claims in Mortgage Bond Suit
Standard & Poor's, Moody's win dismissal of a suit that involved
the sale of more than $60 billion in mortgage-backed securities.
Knowing They Were Selling “Crap,” UBS under Siege in CDO Case
Despite internally acknowledging that some of their CDOs were “crap” and “vomit,” UBS still sold such instruments to unwitting investors—and now are being sued for doing so.