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Connecticut Suing Standard & Poor's Over Credit Ratings

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Long before President Obama grew angry at Standard & Poor's for its decision to reduce the nation's credit rating, former A.G. Richard Blumenthal was on the case.

Blumenthal went after S & P's for their credit practices rating back in 2008, specifically for its dual system of giving government bonds a lower credit ratings than to corporate debt.

The lawsuit is now in state courts, a spokeswoman for Attorney General George Jepsen told me.

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