Read the rulings: The three cases that supposedly establish the principle of Constitutional protection for credit rating agencies have little to do with actual ratings, but instead focus on publications issued by the agencies. There's no real "public concern" at stake when rating agencies are paid lavishly to confer their blessing on securities. So let's stop pretending there is and let investors sue.
Susan Beck's Summary Judgment: First Amendment Protection for Flawed Credit Ratings Rests on Shaky Legal Foundation
June 9, 2010
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