This is interesting:
The SEC will also remove references to ratings from some of its own rules and forms in an attempt to make investors less dependent on agencies\’ actions.
As I\’ve been arguing all along, matters might mean that we should have different regulation: but they don\’t necessarily mean that we should have more.
Here\’s the SEC saying, in effect, that at least in this area, there should be less regulation. A little more caveat emptor and a little less reliance on simply box ticking on the bureaucrat\’s forms.
Interesting, no, however much it will enrage certain people?