JACKSON, Mississippi (AP) — The state of Mississippi will receive $33 million from a national settlement with Standard & Poor’s over allegations that it knowingly inflated its ratings of risky mortgage investments that helped trigger the financial crisis in 2008.
Attorney General Jim Hood says in a news release that Mississippi sued S&P in 2011, joining with Connecticut, the first State to sue in 2010. By 2013, the Justice Department and 17 other states filed similar lawsuits against S&P.
Standard & Poor’s is paying about $1.38 billion in the settlement announced Tuesday over ratings issued from 2004 through 2007.
Hood says the credit rating agencies were just as culpable as the investment banks in causing the financial crisis. Hood says the credit rating agencies held themselves out to be objective and independent.
By JEFF AMY Associated Press JACKSON, Miss. (AP) _ Gov. Phil Bryant said he plans to continue activity with a Christian group promoting racial reconciliation. Mission Mississippi honored Bryant Friday, hosting the Governor’s Prayer Luncheon […]
November 29, 2012adminNews, Top StoriesComments Off on Tougaloo College to hold memorial service for Mississippi Civil Rights veteran Lawrence Guyot
The Mississippi Link Newswire
A memorial service will be held for Mississippi civil rights veteran Lawrence Guyot Monday, Dec. 10, in the historic Woodworth Chapel on the campus of Tougaloo College. Guyot was a Tougaloo graduate, who died Nov. 23, 2012 in Mount Ranier, Md.
Guyot was a leader in the Mississippi movement and worked alongside luminaries like Medgar Evers and Fannie Lou Hamer. He was beaten and jailed for his beliefs and activism but still worked tirelessly and at great personal risk for voter registration of those denied these rights…. […]
By Ayesha K. Mustafaa
Staff Writer
As the 2012 Walk to End Alzheimer’s in Mississippi was set to begin, former editor of The Mississippi Link, Gail Brown, whose father succumbed to this dreaded disease, put out the rallying call:
“Alzheimer’s is like a robber that goes in and out of the homes of families, stealing its victims’ memory and quality of life.” … […]