"We're sorry to have to make this adjustment," said MPAA spokesperson Morton Isherwhile. "But, in recent months it has become clear that the United States' content is only appropriate for very limited audiences."
One of the earliest take aways from the global financial crisis was the importance of access to information for effectively functioning financial markets. And, in that regard, credit ratings can serve an incredibly useful role -- in theory.
While Alan Greenspan has been busy denying any blame or foresight into the financial crisis, Paul Volcker has been working to dissociate the speculative risks of hedge funds from banking. But "The Volcker Rule," does not go far enough.