The US Department of Justice (DOJ)has filed a civil lawsuit against Standard and Poor, accusing the ratings agency of being engaged in a scheme to defraud investors in financial packages, leading up to the 2008 global recession. 

Structured financial products such as Residential Mortgage-Backed Securities (RMBS) and Collateralized Debt Obligations (CDOs), where individual loans and bonds can be traded in a portfolio, the lawsuit alleged were misrepresented by Standard and ...

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