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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (101642)	2/24/2009 7:14:39 PM
From: ggersh	Respond to of 110194

"Well.. IMO, it's going to require a hybrid of the revamped and regulated RA's and analysis from the participants in the financial surety industry who will be writing the coverage. It's pretty clear that S&P and Moody's can't be trusted to perform rating services on their own. But then again, the monolines have an interest in maximizing the premiums they require for the specific level of risk they are taking on. The answer lies somewhere in the middle." And therein lies the problem! Everyone has their hands in the cookie jar. What we need is a independent panel that has oversight and accountability. But where do we get that? That Ritholtz tstory really says it all. <ng>