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S&P says underestimated extent of mortgage fraud

Story date: 2007-10-09 12:07:00
Added on: 2007-10-09 14:00:16


Reuters - MUMBAI, Oct 9 (Reuters) - The chief economist of Standard and Poor's said on Tuesday that the ratings agency had underestimated the extent of fraud in the U.S. mortgage industry. "We underestimated the extent to which fraud was occurring in the ...


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