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It's a good idea, but one that comes through sacrificing much ability to hold bad rating analysts accountable and making it harder to tell if there is rampant insider corruption among their SEC regulators. That might be an acceptable cost right now, where the pressures of conformity have proven so great, but a few years down the road, the crisis narrative of the day could instead return to the more familiar story of government officials in cahoots with raters and former/future employers in banks to manipulate securities values, and everyone will be wanting to hang the criminals who advocated reducing the transparency of ratings agencies. Prediction: if anonymity and more control of ratings by government were to occur, a new set of non-governmental privately-hired rating consultancies would just develop in their place and eventually hold more credibility among market participants than the low-paid "government" ones like Moodys and S&P.  
by santiago on Mon Apr 26th, 2010 at 12:56:17 PM EST
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