Countless judicial decisions and legislative enactments have relied on the ancient proposition that a governing majority's belief that certain sexual behavior is "immoral and unacceptable" constitutes a rational basis for regulation.
When ratings become not just a tool for investors but the very basis for regulation, they are likely to become distorted, and conflicts of interest risk becoming sharper.Would taking credit ratings out of regulation leave investors unprotected?
At fault was the blind spot generated by the doctrine that adopting private sector "best practice" was a sufficient basis for regulation, and that maintaining the apparent soundness of individual institutions is enough to ensure the soundness of the system as a whole.
But the commission would never switch over to a purely mathematical basis for regulation, he said, especially in areas where it has less experience, like the digital control systems that have replaced some analog controls in 30-year-old reactors, it would use engineering judgments to demand an appropriate level of backups, what it calls called "defense in depth".
For such persons, there is an unavoidable failure of the complementarity between the use of private space and the use of public space, and … we are simply not in a position to use that complementarity as a basis for regulation" (ibid., p. 395).
"Countless judicial decisions and legislative enactments have relied on the ancient proposition that a governing majority's belief that certain sexual behavior is immoral and unacceptable constitutes a rational basis for regulation," he has written.
This effect may provide a basis for regulation of transcription through methylation of specific TFBSs.
