Obama Pursuit of S&P Started When Toxic Debt Masqueraded as AAA

Obama Pursuit of S&P Started When Toxic Debt Masqueraded as AAA

Scott Eells/Bloomberg

What started as an effort by Obama’s Treasury Department to right a system reeling from the worst financial breakdown in eight decades has now become a Justice Department lawsuit seeking $5 billion from Standard & Poor’s parent, McGraw-Hill Cos., after months of failed settlement talks.