PMC the 1st· Banned
Discussion Starter · #1 ·
This poll is to gauge forum member sentiment regarding Consumer Reports ("CR"). What's important is if there has been any recent changes in your attitude toward CR.
Same here. I especially trust them more then some bias ass people I have read on forums...I trust them, but not fully. I have some doubts.
http://news.yahoo.com/s/nm/20080714/bs_nm/sec_examination_dc;_ylt=AmYtHZYjSyZ5y4cqKG0MG.oT5LIFSEC opens probe to prevent spread of false info
By JEANNINE AVERSA, AP Economics Writer Sun Jul 13, 3:22 PM ET
WASHINGTON - The Securities and Exchange Commission said Sunday it is immediately opening a probe to prevent the spread of false information used to manipulate securities prices.
SEC Chairman Christopher Cox said the investigation is aimed at "ensuring that investors continue to get reliable, accurate information about public companies in the marketplace."
The probe comes amid a new bout of turmoil that has gripped investors. Questions have been swirling about the financial health of mortgage giants Fannie Mae and Freddie Mac as well as Lehman Brothers Holdings Inc.
Earlier this year, a run on Bear Stearns pushed the investment bank to the brink of bankruptcy and into a takeover by JPMorgan Chase. Bear officials blamed market rumors for the run.
The investigation will be conducted by the SEC's Office of Compliance Inspections and Examinations as well as the Financial Industry Regulatory Authority and New York Stock Exchange Regulation Inc.
.SEC says expanding rumor crackdown
By Rachelle Younglai Sun Jul 13, 8:15 PM ET
WASHINGTON (Reuters) - U.S. securities regulators are boosting efforts to stop the spread of false rumors that threaten financial institutions, after a week that saw steep slides in the shares of Fannie Mae (FNM.N), Freddie Mac (FRE.N) and Lehman Brothers (LEH.N).
In an unusual weekend statement, the U.S. Securities and Exchange Commission warned on Sunday that regulators would immediately examine whether broker-dealers and investment advisers have controls in place to prevent market manipulation.
Examiners from the SEC, New York Stock Exchange Regulation and the broker-dealer watchdog, the Financial Industry Regulatory Authority, will see if the controls are designed to prevent the intentional creation or spreading of false information.
Securities officials said the timing of the announcement was aimed at getting word of the crackdown out before Asian markets open on Monday, the first to trade globally.
BUT, do you know what? I will not defend CR....but I will Car and Driver. At least they SHOW you how they rate the vehicles with a comprehensive breakdown! If you disagree with the "gotta have it factor", then you can recalculate the results and find your personal "special" winner. It's that easy.CR and C/D piss me off the most with their idiotic ramblings and most importantly the "gotta have it" ratings. Its pure personal preference as is completely irrelevant as to the actual merits of said vehicle.
This letter is a good example why CR has to pander to the imports. Read what Eurohazard wrote above. In it, Eurohazard's suspicion toward CR is aroused when his Nissan Armada is critisized by CR. Imagine what would happen to CR's subscriber base (Toyota/Honda owners) if CR started rating GM's Lamda crossovers higher than the Pilot or Highlander. Yep! A mass-exodus of subscription revenue.I used to trust them, but realized on my own they were shady. Things like rating a 2006 Armada poor in reliability when 2004 and early 2005 had problematic brakes.