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By law, many institutions must buy rated paper. So Moody's and S&P are like Ziploc bags at TSA lines - required by law.
by throwaway_exer 11y ago
By law, many institutions must buy rated paper.
So Moody's and S&P are like Ziploc bags at TSA lines - required by law.
- themartorana 11y agoWell there's some sweet regulatory capture.