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Reply #14: Exactly.... [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
sendero Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-29-09 08:59 PM
Response to Reply #8
14. Exactly....
.... after the current economic fiasco the ratings agencies have the credibility of a used car salesman, i.e. none.

Whatever they do in the courts is irrelevant, nobody puts any stock in their ratings any more anyway.
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  -Under Attack, Credit Raters Turn to the First Amendment Are_grits_groceries  Oct-29-09 04:42 AM   #0 
  - The first Amendment doesn't protect fraud  depakid   Oct-29-09 05:02 AM   #1 
  - Yep. Seems simple to me. nt  Robb   Oct-29-09 07:11 AM   #7 
  - Free speech isn't being paid for right? These companies were paid by the  NC_Nurse   Oct-29-09 05:08 AM   #2 
  - I think you missed the concept  ProgressiveProfessor   Oct-29-09 09:04 AM   #9 
     - Well, theres a definite conflict of interest which makes "free speech" a dubious  NC_Nurse   Oct-29-09 07:15 PM   #12 
        - The free speech issue is not dubious at all  ProgressiveProfessor   Oct-29-09 08:55 PM   #13 
  - First Amendment doesn't protect fraud for credit reports and histories.  no_hypocrisy   Oct-29-09 05:53 AM   #3 
  - Partially it does  ProgressiveProfessor   Oct-29-09 09:06 AM   #10 
     - But the First Amendment doesn't exonerate you from using fraud to your advantage.  no_hypocrisy   Oct-29-09 10:04 AM   #11 
  - Another consequence of person-hood for corporations.  RC   Oct-29-09 06:06 AM   #4 
  - Agreed  Sherman A1   Oct-29-09 06:08 AM   #5 
  - So they're saying they're really "Wild-Ass Guessing Agencies"?  JHB   Oct-29-09 06:55 AM   #6 
  - They just devalued their own ratings as a service.  rucky   Oct-29-09 07:13 AM   #8 
     - Exactly....  sendero   Oct-29-09 08:59 PM   #14 
 

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