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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: MythMan who wrote (404805)5/14/2010 2:19:17 PM
From: Box-By-The-Riviera™2 Recommendations  Read Replies (1) of 436258
 
02:14 PM If the amendment that would create an SEC board to match ratings agencies with bond issuers becomes law, it's big trouble for Moody's (MCO -0.6%) and S&P (MHP -1.7%), Barry Ritholtz says. "Moody’s could be a zero. Their potential liability is enormous, and their future business model is in doubt." The ratings agencies are getting what they deserve: "Their privileged status is an anachronism that should be eliminated."
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