You can tell when someone in a room is about to cry. Not from anything they've said. Something in the breathing, a stillness that arrived a beat too early, the angle at which they're holding their face. You knew before you knew you knew. There are books about this — acting manuals, clinical guides, shelves … Continue reading Somebody Who Already Knows
Category: essays
The Byline Is Not a Bond
Rule 436(g) was a four-line exemption. It said that when a nationally recognized rating agency's rating appeared in a securities registration statement, that rating did not count as an expert opinion under Sections 7 and 11 of the Securities Act — so the agency never had to consent to being named, and could not be … Continue reading The Byline Is Not a Bond
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