Reply #6: Methinks they doth protest too much. In the same manner that there are supposed to be

[T Wolf]

laws that protect consumers from defective products, we know that the reality is that proving and winning a liability case is extremely difficult.

The same is going to apply to these "regulations." They will serve to enable the big boys to bully and eventually recover for any loses they suffer from "bad" ratings. But little investors will not have the knowledge or resources to fight through the bureaucracy to hold a fauly rating agency responsible.

And for now, it is simply another club to pretend to hate the pseudo-regulation for.

A corrupt system cannot be reformed, especially when the owners run it for (only) their own benefit. It must be razed and something new put in its place.