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1/14/17

Moody's To Pay Nearly $864M To Settle Claims #okc #news #wth



In a deal announced Friday, Moody’s Corporation has agreed to pay almost $864 million to settle federal and state allegations it gave inflated ratings to risky mortgage investments leading up to the financial crisis. The deal was made among the New York-based rating agency, the attorneys general for 21 states and the District of Columbia, and the Justice Department. It says $437.5 million is to go to the Justice Department and $426.3 million will be divided amongst the states and the District of Columbia. http://cbsn.ws/2ixne1b http://bit.ly/1fJ5yqZ This video was produced by YT Wochit News using http://wochit.com


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