To all of you who have been in and out of the office these past few weeks (mainly out), here is my video countdown of the top 5 main things you missed. Welcome back!
5. On Sept. 2, Judge Shira Scheindlin of the SDNY ruled that the ratings of certain securities that were distributed to a limited number of investors were not entitled to the same free-speech protection as more general ratings of corporate bonds that were widely disseminated. The free speech defense has been a bullet-proof defense for credit agencies for years, so this decision is said to be ground-breaking.
