Gov't sues Standard and Poor's for role in recession
Updated: Tuesday, February 5 2013, 07:33 PM EST
NEW YORK (NEWSCHANNEL 3) - The government is filing its first major legal action against a company involved in the 2008 financial crisis.
The Justice Department says a well-known ratings agency put its stamp of approval on investments that led to the recession.
Alexis Christoforous has more from New York.