Standard & Poor’s
Madigan Joins Suit Over S&P Mortgage Bond Ratings
Illinois Attorney General Lisa Madigan has joined the federal government and 13 other attorneys general in suing for changes in the way Standard & Poor’s rates mortgage bonds.
In Video, Kirk Urges Action On Illinois Credit Rating
Sen. Mark Kirk, still recovering from a major stroke, released a video Tuesday that calls for “decisive bipartisan action” to prevent further reductions in Illinois’ credit ratings.
Illinois’ Poor Credit Rating Lowered Again
Illinois, which already has one of the worst-in-the-nation credit ratings, was lowered even further on Wednesday by the Standard & Poor’s rating agency, citing the state’s failure to address its massive pension problems.
Pension Chaos A ‘Negative’ For Illinois Credit Rating
Illinois edged closer to having its worst-in-the-nation credit rating lowered even further as a rating agency declared Thursday that failure to address massive pension problems is a “credit negative” for the state.
Madigan Sues S&P For Role In Housing Market Meltdown
Illinois Attorney General Lisa Madigan has filed a lawsuit against Standard & Poor’s claiming the credit ratings agency fraudulently gave high ratings to risky mortgage-backed investments in the years prior to the 2008 housing market crash.
Most Popular News
- Two Charged With River North BurglariesTwo people have been charged with burglary in connection with a spate of robberies this month in the River North neighborhood.98
- Portage Theater Closed For NowThe 93-year-old landmark theater at 4050 N. Milwaukee Ave. was shut down on Friday after Ald. John Arena (45th) blocked Carranza’s application for a liquor license, according to Carranza.90
- Man Shot And Killed Inside Hyde Park HomeA murder in Hyde Park, just blocks away from President Barack Obama's home.213
- Noise From Music Fest At Chicagoland Speedway Has Neighbors Up In ArmsMost of the complaints seem to be coming from the east of the Chicagoland Speedway in new Lenox, Frankfort and Mokena as grandstands protect the other three sides.127
- Roseland Hospital Cuts Staff, Salaries To Keep Doors OpenAs it waits to hear if it’ll receive a $7 million bailout to stay open, Roseland Community Hospital laid off almost 70 employees, and other hospital employees will take a pay cut.89
- Rev. Jackson: School Closings UndemocraticOpponents of Chicago school closures are vowing to fight on, but they appear to have little chance of reversing the mayor's agenda... unless a federal judge steps in, reports WBBM's Mike Krauser.90
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Twitter Updates
- Two charged with River North burglaries cbsloc.al/19dnupT 2 hours ago
- Portage Theater closed for now cbsloc.al/13U9lZ8 3 hours ago
