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Reply #94: The law stands [View All]

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Home » Discuss » General Discussion: Presidency Donate to DU
alcibiades_mystery Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-22-10 10:38 PM
Response to Reply #93
94. The law stands
Edited on Thu Jul-22-10 10:41 PM by alcibiades_mystery
You think it will be repealed by Congress in six months. I think not. They passed this and other stringent provisions on the ratings agencies over their vociferous and constant objections. Why the fuck would they repeal it? The actual law remains in effect, even if the reporting requirements have been suspended for what is explicitly referred to by the SEC as a transition period. The SEC, by the way, was trying to get this rescinded last year, and turned it over to Congress instead. Why? Because it is harder to repeal a law than to rescind a rule. The odds are against you here.
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