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The Justice Department has filed civil charges against Standard & Poor's over mortgage securities it rated in the run-up to the 2008 financial crisis, setting up a high-profile showdown between the government and the much-maligned ratings industry.
Congresswoman Maxine Waters, ranking member of the House Financial Services Committee, today released the following statement in response to the announcement by the Department of Justice that it has filed a civil suit against Standard & Poor's Rating Services (S&P):
Congresswoman Maxine Waters, ranking member of the House Financial Services Committee, today sent the attached letter to Jeb Hensarling, chairman of the committee, requesting that he hold a hearing about the abrupt end of the Independent Foreclosure Review (IFR) process:
Today, Congresswoman Maxine Waters (D-CA), a long-time advocate for development assistance and democracy for Haiti, called for free, fair, and inclusive elections in Haiti and urged support for the development of effective political institutions and stable, just and democratic governance.
The top Democrat on the House Financial Services Committee called Tuesday for Congress to "immediately" hold a hearing to investigate a controversial $8.5 billion foreclosure abuse settlement reached this year.
While the enthusiasm and crowd size for Barack Obama's second inauguration didn't match that of his first, the spectacle was no less grand and the level of security no less tight.
The sidewalks are so buckled along parts of Sepulveda Boulevard in Westchester that parents pushing strollers have been spotted veering off the path and into an adjacent bike lane.
Dislodged by massive old ficus tree roots, pieces of sidewalk form peaks that might be attractive to skateboarders, but are less than ideal for pedestrians.
The new chairman of the House Financial Services Committee, Rep.