No standards, not poor

Print edition : March 08, 2013

A view of Standard & Poor's building in New York's financial district on February 5. The U.S. government is seeking more than $5 billion in a lawsuit against the rating agency over mortgage bond ratings. Photo: BRENDAN MCDERMID/REUTERS

At the U.S. Department of Justice in Washington, Attorney General Eric Holder, along with federal and state officials, announces to the media the financial fraud enforcement action S&P, on February 5. Photo: YURI GRIPAS/REUTERS

The rising tide of litigation in the U.S. against ratings agencies could force an end to, if not lead to an overhaul of, a system that makes scores provided by a paid examiner the basis for financial regulation.
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