The government will not stop this because someone is making big bucks..
if past history is anything to go by in relation to big financial firms, Fitch seems to be the only rating agency that is practising due diligence. We're always hearing how the small guy downgrades someone big and then S&P and Moody's reluctantly agree 6 months later that they've had a blonde half year. I think this is gonna be another repeat. The SEC shouldn't be targeting short sellers or trying to bastardise the market with things such as the uptick rule. Their first mandate should be to shut down those incompetants running the rating agencies.
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