Moodys Settles With U. S., States, Over Financial Crisis (Audio)

(Bloomberg) -- Robert Hockett, a professor at Cornell University Law School, discusses a $864 million settlement, which Moodys plans to pay out to the federal government, as well as several states, over the bond rating agency’s role in the 2008 financial crisis. He speaks with June Grasso and Michael Best on Bloomberg Radio's "Bloomberg Law."