3 ms·
It's be better to fix the laws and regulations that treat the rating agencies' opinions as true facts about the riskiness of assets (e.g. SMMEA, 7 CFR 240.15c3-
by bradleyjg 11y ago
It's be better to fix the laws and regulations that treat the rating agencies' opinions as true facts about the riskiness of assets (e.g. SMMEA, 7 CFR 240.15c3-1, Basel III, many many etc.) than to apply a band-aid patch at the rating agency level. I'm not even sure the government could legally put in such a requirement as the rating agencies have asserted in litigation that their output is protected speech.