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Head of S&P to Resign

"The moves come as S&P faces questions about its controversial downgrade earlier this month of long-term U.S. debt and as the Securities and Exchange Commission and U. S. Justice Department look closely at the conduct of S&P, as well as other major credit rating firms, for their roles in developing mortgage-bond deals that helped to trigger the financial crisis, according to people familiar with the matter."

Read the full story at The Wall Street Journal

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