Practical and Poor’s, Moody’s and Fitch provided the highest rating so you can financial investments considering high-risk mortgage loans in the ages leading up to the fresh economic crisis. A good Senate investigations panel unearthed that S&P and you will Moody’s proceeded this although brand new housing marketplace was collapsing.
In which he or she is now: The latest SEC was provided suing Standard and you can Poor’s more than probably the most CDO offer connected to the hedge finance Magnetar.