Credit Union Sues Banks, Raters Over MBS
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Credit Union Sues Banks, Raters Over MBS

The Space Coast Credit Union has filed a lawsuit against Merrill Lynch, Wachovia Capital, Barclays Capital, Standard & Poor’s, Moody’s Investors Service and Richard Fuld of Lehman Brothers for allegedly conspiring to the inflate toxic mortgage-backed securities into investment grade using fraudulent ratings.

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