Stock specialists watch news of the the Standard & Poor's Ratings Services on the floor of the New York Stock Exchange on Tuesday. The U.S. government has filed civil charges against Standard & Poor's Ratings Services for improperly giving high ratings to toxic mortgage bonds before the financial crisis.
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Associated Press /Chattanooga Times Free Press .
published Tuesday, February 5th, 2013
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WASHINGTON — The Obama administration on Tuesday accused Standard & Poor’s of refusing to warn investors that the housing market was collapsing in 2006 because it would be bad for business.
