EU vs. Rating Agencies, Part II

February 29, 2012 by · Leave a Comment
Filed under: European Union, The Rating Agencies 

ANOTHER ATTACK ON THE RATING AGENCIES.

If you don’t like the opinion, BAN IT.

This fits the storyline that the problems in markets are the rating agencies’ fault.

Let’s recognize that governments enshrined ratings by the NRSRO designation.

Central planners need to answer this question. Ratings are an opinion, or they aren’t.

My guess is establishment of an official, “GSE-like”  rating agency…

That will solve everything…

Europe Seeks to Reduce Debt Ratings’ Influence New York Times, February 29, 2012

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