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Detailed text transcripts for TV channel - FOXNEWS - 20110818:15:26:00

reportedly under investigation by the justice department but not because of that. the new york times reporting federal investigators are now taking a closer look at the rating agency s recommendations on market-backed securities, those are those investments that were really at the heart of the financial meltdown. s&p is the same company as we mentioned that downgraded our aaa credit rating for the very first time ever. national correspondent catherine herridge is live in washington, taking a closer look at this. what is the justice department saying this morning? reporter: thank you jenna. this morning two justice department officials telling fox they cannot and will not comment on the s&p investigation and the report in the new york times . none of the officials deny the investigation s existence nor are they disputing the facts on the story on a day of extreme market volatility. 1dov spokesman saying there s no comment at this time, there s nothing to say at this time and i do n

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