U.S. to File Civil Charges Against S&P

Feb. 4 (Bloomberg) -- The U.S. Justice Department intends to file a civil lawsuit against Standard & Poor’s based on ratings in 2007 of certain collateralized debt obligations, the company said today. Peter Cook reports on Bloomberg Television's "Street Smart." (Source: Bloomberg)

Are China's Banks Heading for Disaster?
16:37 - There is a warning today that China is headed for an unprecedented financial meltdown. That is the dire forecast from the hedge fund manager who correctly called the sub-prime crisis in the U.S. Bloomberg's Stephen Engle reports on "First Up." (Source: Bloomberg)
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