Mississippi to receive $33 million from Standard & Poor’s settlement
adminBusinessComments Off on Mississippi to receive $33 million from Standard & Poor’s settlement
Mississippi Attorney General Jim Hood speaks at a news conference with U.S. Attorney for the Central District of California Stephanie Yonekura, left, Attorney General Eric Holder, second from left, Acting Assistant Attorney General Stuart Delery, and Connecticut Attorney General George Jepsen, right, at the Department of Justice on Tuesday in Washington. Standard & Poor's is paying about $1.38 billion to settle government allegations that it knowingly inflated its ratings of risky mortgage investments that helped trigger the financial crisis, the Justice Department announced Tuesday. Mississippi will receive $33 million from the settlement. (Kevin Wolf/The Associated Press)
Mississippi Attorney General Jim Hood speaks at a news conference with U.S. Attorney for the Central District of California Stephanie Yonekura, left, Attorney General Eric Holder, second from left, Acting Assistant Attorney General Stuart Delery, and Connecticut Attorney General George Jepsen, right, at the Department of Justice on Tuesday in Washington. Standard & Poor’s is paying about $1.38 billion to settle government allegations that it knowingly inflated its ratings of risky mortgage investments that helped trigger the financial crisis, the Justice Department announced Tuesday. Mississippi will receive $33 million from the settlement. (Kevin Wolf/The Associated Press)
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.
If you live anywhere in the Southeastern portion of the United States, then you should be familiar with yearly events held in this part of the country titled “Battle of the Bands.”
The Jackson City Council recently took to the chambers and staged its own version of the popular competition appropriately titled “Battle of the Budgets.”
In a two-day council meeting, that included the blame game, members of the Jackson city council approved the city’s budget and approved a 2.5 mills (tax) increase to meet the school district’s $86 million budget request…. […]
adminHealth, NewsComments Off on West Virginia joins Mississippi with nation’s highest adult obesity rate at 35.1 percent
The Associated Press West Virginia and Mississippi have the highest rates of adult obesity in the nation, according to a report released Thursday. The report by Trust for America’s Health and the Robert Wood Johnson […]
adminNewsComments Off on Mississippi receives 179 unaccompanied children caught at U.S. border, report shows
JACKSON, Mississippi (AP) — Mississippi has received fewer than 200 of the unaccompanied immigrant children who crossed the U.S. border and were released to sponsors so far this year, but the war of words over […]
