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S&P to pay $1.4 billion for role in the financial crisis
While not admitting wrongdoing, Standard & Poor’s Financial Services agreed to pay almost $1.4 billion to settle allegations by the Justice Department that credit ratings for high-risk mortgage securities mislead investors before the 2008 financial crisis. Judy Woodruff discusses implications of the penalty with Mississippi Attorney General Jim Hood and Lynn Stout of Cornell University.
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