Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Is it possible for ratings agencies to do their job?

If they're privatised, they're a joke. If they're nationalised, you'll get some interesting national and international politics. If they're run by the likes of the IMF, that won't solve - say - the Greek problem, because ratings will be applied ideologically and inconsistently.

If it's not possible for rating agencies to do their job honestly and accurately - and I don't think it is - what are they for?

It could be interesting to make the agencies compete with each other - perhaps with bonuses for ratings that turned out to be accurate, and penalties for ratings that didn't.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Mon Apr 26th, 2010 at 07:51:19 AM EST
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