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Corporate Credit Unions

S&P Suit Cites Failed Eastern Financial Florida CU Investments

FEB 5, 2013 11:59am ET

LOS ANGELES – The Justice Department’s suit against Standard & Poor’s targets several failed credit union deals among the more than two dozen collateralized mortgage obligations, or CDOs, the Wall Street agency allegedly rated falsely, causing two of the biggest credit union failures ever, WesCorp FCU and Eastern Financial Florida...

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