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In the meantime the New York Times is reporting this morning that the Justice Department is investigating.
The credit rating agency Standard and Poor's.
But there roll back in the 08 financial crisis that began and in the mortgage spot meltdown.
Now the investigation reportedly began before S&P downgraded the US credit rating.
But as you might imagine now when this news crosses the DOJ was -- and -- -- Washington bureau this morning to Peter what exactly does the government think that the recipe.
Rating agency may have done wrong -- that.
Martha the Justice Department spent poking around at Standard and -- trying to figure out if there were ever cases were S&P analyst wanted to lower the ratings.
On mortgage bonds during the run up to this complete economic meltdown but they were told they couldn't.
By business managers at S&P that's according to New York Times they've apparently been asking witnesses.
If they heard an analyst named David testers say about mortgage securities quote.
Don't kill the golden goose and quote now if the government does fine enough evidence it would probably be for a civil case it would also probably do damage.
-- S and p.'s reputation as a ratings agency whose ratings are supposedly.
Not influenced by the financial climate this investigation as He said started before S&P downgraded the USA's credit rating and in addition to the DOJ.
The New York Times is also reporting that standard imports is taking heat right now from the SEC the Securities and Exchange Commission also wants to know if the S&P.
Rated mortgage securities improperly.
-- -- that -- heat on the SEC person accusations today as well.
Peter thank you so much Peter Doocy reporting from Washington.
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