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To: Dale Baker who wrote (34152)	4/12/2009 5:17:10 PM
From: Dale Baker	Respond to of 78669

now are they regulated Should read "nor are they regulated"...not yet, at least.

To: Dale Baker who wrote (34152)	4/12/2009 5:32:21 PM
From: Madharry	Read Replies (1) \| Respond to of 78669

no disrespect intended but if they are legally classified as media outlets, could legal documents tying collateral, interest rates, and debt repayment schedules to ratings by media outlets be legal enforced? I can tell you the money center bank that employed me for seven years treated the rating agencies as god like figures. We were told that we were not to review AAA rated credits, as by definition there was no chance of default. of course this was in the 90s and before the days of loan slicing and dicing.