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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Little Joe who wrote (34151)4/12/2009 4:48:18 PM
From: Dale Baker  Read Replies (3) | Respond to of 78666
 
Ratings agencies are legally classified as media outlets, no different than Jim Cramer ranting every day on CNBC. They aren't registered investment advisors, hence they have no fiduciary responsibility to anyone, now are they regulated (unless they tried to start trading for themselves while they kept issuing ratings, which would bring the SEC down on them pretty quickly - ).