65
This is exactly a familiar laws fraud situation. Plaintiff Federal Mortgage Financial regarding Boston (the fresh FHLBB) alleges that Defendants Moody’s Agency and you can Moody’s Dealers Provider, Inc. (together, Moody’s) committed ripoff by intentionally understating the risk and you can overstating new creditworthiness from particular Private label Home loan-Backed Bonds (PLMBS) marketed into FHLBB. (more…)