
Now I do not know what you know about the regulatory authorities in the U.S., but I know a lot about the experience of being in business. The federal government has not made as ridiculous. And most people in the regulatory agencies are left to think about the bureaucrats, with Democratic politicians who have been issued recently that these regulators should be done in the market.
Are at the sight reduction by credit rating from Standard & Poor 's has developed U.S. government, I imagine there regulators that review of the criteria for the rating agency and other businesses on Wall Street. We know that the Department of Justice investigated the rating agencies in their role in the overall decline in U.S. housing market caused.
Yes, it is true that rating agencies could be seen as an agent of a philosophical perspective, and therefore are not immune to criticism because it is an important factor in this period. Although it has been almost three years, the SEC and other regulatory authorities, until they reached the bottom of why it all collapsed in 2008 and some very powerful players were able to dodge ball, and blame.
Many would argue that this simply reflects the unhealthy and incestuous relationship between Wall Street and the federal government. The reason that you make this statement; I am one of them, who has warned the relationship with Adam Smith clearly could challenge for centuries. It seems a little conversation, and even bullying S & P by the U.S. Treasury and the Obama administration to deterioration.
If I in the amount of S & P, which met with my lawyers and to prepare a legal investigation and the attack because the decision to go down the slope. I am sure that other rating agencies also consider a discount, but hesitate because they do not want to jeopardize their future income or the state of the industry. No credit rating agency to take the flak from the federal government, regulators, or attack by the prosecution want.
Now I repeat the question, "the U.S. government will seek revenge on the rating agencies affect?" My answer to this rhetorical question is yes, and I want to emphasize that the policy in the history of various industries such as the reason for my answer. Time will tell. In fact, I hope you will consider this and think back.