Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
I agree completely. Rating agencies aren't worth much by themselves, so the idea propogated in Basel or in current policy reforms that we can regulate risk by fixing it somehow to the judgments of analysts at leading rating agencies is inherently flawed. Basic due diligence means that investors themselves should have their own look a things before they buy, regardless of what third party bookmakers might opine about odds.
by santiago on Tue Apr 27th, 2010 at 11:22:11 AM EST
[ Parent ]

Others have rated this comment as follows:


Occasional Series