Lawyer for Credit Rater: We’re Protected by First Amendment

HuffPostFund asked:


The nations biggest credit rating agencies are facing blame for underestimating the risk that led to the financial crisis. Floyd Abrams discusses his defense of Standard and Poor’s, arguing that credit rating agencies are entitled to free-speech protections similar to those given to journalists. … “credit rating agencies” “Standard and Poor’s” S&P “First Amendment” “financial crisis” “Floyd Abrams”

7 comments ↓

#1 procommenter on 12.31.09 at 12:51 am

Fascism is what’s being promoted by the powers-that-be as the cure-all for America’s ills.

#2 crock703 on 01.02.10 at 5:11 pm

Hate to use a cliche, but this doesn’t pass the smell test.

#3 MouseHusic on 01.04.10 at 11:36 pm

Agreed.

#4 qwertywxyz on 01.07.10 at 7:55 pm

spurious argument.

These ratings agencies should be sued along with the banks for fraud.

#5 j0hnwi11iams on 01.08.10 at 11:33 am

Not responsible for what they’re doing. I have nothing against freedom of speech. I do have something against their claims to privacy.

#6 wolfgang0070 on 01.10.10 at 9:16 am

the guy asking the questions is clearly a complete retard: he tries to distinguish between “an opinion” and an “expert” analysis… WTF ! haha

#7 1mealperday on 01.11.10 at 10:47 am

its more than an opinion, its a rating
said rating is an industry standard. definitely more than merely an opinion.

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