Illinois Attorney General Lisa Madigan has filed suit against ratings agency Standard and Poor's for fraudulently assigning high ratings to mortgage-backed investments despite their risk.
The suit filed today in Cook County - the state's largest - argues that instead of independently evaluating mortgage-backed securities, S&P gave them higher ratings than warranted to benefit investment bank clients and the agency's bottom line.
Missouri is lagging in its use of federal stimulus money intended to make homes more energy efficient for low-income residents.
Missouri received nearly $129 million in home weatherization funds for low-income residents under the 2009 federal stimulus bill. As of the end of January, just $47 million of that had been spent. That amounts to 37 percent of the total.