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.
August 15, 2014adminNewsComments Off on Chris McDaniel lawsuit challenges loss to Sen. Thad Cochran
JACKSON, Mississippi (AP) — A tea party-backed candidate asked a Mississippi court on Thursday to declare him the winner of the June 24 Republican runoff against incumbent U.S. Sen. Thad Cochran or order a new […]
From the seat of the Governor’s office to the Commercial Appeal News to the feminist.org blog, the condolences and statements of admiration and remembrance for State Sen. Alice Harden (D-MS) continue to flow. She passed Thursday, Dec. 6, of an undisclosed lengthy illness.
As an African American woman to serve in the Mississippi State Senate, beginning in 1988, she left her mark on history. Her body will lie in repose at the State Capitol, Thursday, Dec. 13, from 11 a.m. to 3 p.m…. […]
With only one day left before Supervisor Doug Anderson’s resignation/retirement was scheduled to take effect, he pulled the plug on it.
After 19 years in the county post, and more than 36 years in public office, Anderson had said through his daughter, Jackie Anderson Woods, that he was giving up the post due to health concerns. Anderson had suffered a stroke last December, his second one in a six-month period. His recovery from the stroke had worried his family…. […]