Free Republic 1st Qtr 2026 Fundraising Target: $81,000 Receipts & Pledges to-date: $11,742
14%  
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Keyword: dojprotectionracket

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  • S&P To Pay $1.5 Billion In Settlements With DOJ, States, CalPERS

    02/03/2015 9:02:57 AM PST · by BenLurkin · 7 replies
    McGraw Hill Financial, parent company of ratings agency S&P Financial Services, said Tuesday that it has reached deals it hopes will finally put to bed formal debate about its role in the collapse of the housing market and the subsequent financial crisis. Resolution will cost McGraw Hill $1.5 billion in settlements — $687.5 million to DOJ, $687.5 million to settle state complaints and, separately, $125 million to California Public Employees’ Retirement System. The dispute’s origin stretches back more than a decade to September 2004 when the Federal government claims S&P began “a scheme to defraud investors” that lasted until October...