Holder Cites ‘Egregious’ Conduct as U.S. Sues S&P

Feb. 5 (Bloomberg) -- U.S. Attorney General Eric Holder speaks at a news conference in Washington about the Justice Department's lawsuit accusing McGraw-Hill Cos. and its Standard & Poor’s unit of three types of fraud in the first federal case against a ratings company for grades related to the worst financial crisis since the Great Depression. Associate Attorney General Tony West; Deputy Assistant Attorney General Stuart Delery; Andre Birotte, the U.S. attorney for the Central District of California; Connecticut Attorney General George Jepsen; California Attorney General Kamala Harris; Delaware Attorney General Beau Biden; Mississippi Attorney General Jim Hood; Illinois Attorney General Lisa Madigan and Iowa Attorney General Thomas Miller also speak. (Source: Bloomberg)

Canada Banks See Mortgage Slowdown as Nation Taps Brakes
00:59 - With four of Canada’s biggest banks reporting second-quarter results, the trend shows decelerating growth in home loan portfolios and, in some cases, shrinkage. It’s a welcome sign for officials struggling to curb house prices in two of the nation’s largest cities. The easing follows federal government moves in October to tighten mortgage insurance rules and other measures while opening the door to shift risks of defaulting mortgages to banks. Bloomberg's Doug Alexander reports. (Source: Bloomberg)
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