An analysis of a new bill proposed by Sen. Elizabeth Warren would fund 273,000 new affordable housing units per year over 10 years, according to an analysis by Moody’s Analytics commissioned by Warren’s office and released Monday.
“No corner of the global economy will be spared” if the U.S. government defaulted and the crisis weren’t resolved quickly, said Mark Zandi, chief economist at Moody’s Analytics.
Moody’s Corp., Moody’s Investors Service and Moody’s Analytics will pay $31.5 million to the state of Connecticut to settle charges that they acted deceptively and did not use accurate or appropriate standards when rating securities tied to subprime mortgages, Attorney General George Jepsen’s office announced.
