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Post date: February 8 2008

Statement By Attorney General Andrew Cuomo

"The supposed reforms announced today by Standard & Poor's and by Moody's on Tuesday
are too little too late. Both S & P and Moody's are attempting to make piece-meal change that seem more like public relations window dressing than systemic reform. My Office will continue its active investigation
of the mortgage industry and the role played by the ratings agencies in the mortgage meltdown.".