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|S&P gave its safest credit rating, AAA, to complex and risky securities, which later lost most of their value. In what is regarded as a landmark ruling, the court ordered S&P and the bank which arranged the product, ABN Amro, to pay damages to investors. S&P said it planned to appeal against the decision.
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Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.
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