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Reply #102: "For all intents and purposes..." [View All]

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alcibiades_mystery Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-22-10 10:22 PM
Response to Reply #100
102. "For all intents and purposes..."
Nonsense. The regulators instituted a reasonable compromise, and the law stands. Indeed, the statement makes explicit that the law remains in force, and that the ratings agencies better get up to speed on it, because it is the law of the land. You don't know what you're talking about. Everything in the OP remains valid. It is the most important news of the year, at least in the financial sector, and the six month transition period doesn't change that. And since I didn't make anything in the OP contingent on the ratings agency strike, what it "withstands' is neither here nor there. The law can't be "dropped."
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