Published reports indicated that some of the banks and credit rating agencies that were subpoenaed by New York Attorney General Andrew Cuomo are willing to cooperate with his investigation. Cuomo's probe is looking into the propriety of these firms' relationships.

Cuomo, according to a Dow Jones report, subpoenaed eight banks in a probe to find out whether misrepresentations were committed regarding some MBS to improve their credit ratings. The report cited a person who is familiar with the investigation.

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