Economy

February 5, 2013 2:34 PM

U.S. suit against Standard & Poor’s raises stakes for Wall Street

The Justice Department’s filing of a multi-billion-dollar fraud lawsuit against the Standard & Poor’s rating agency this week culminates a massive, multi-year federal investigation code-named “Alchemy,” but it’s only the start of a more public legal battle joined by at least 16 state attorneys general.

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