Tuesday, June 23, 2009

back to basics: some thoughts

IMO, the ratings should be de-institutionalized, ie not used as in an "official"-institutional capacity (that was established after the Great Depression).

Plus, instead of a regulation frenzy, policy makers in the US, Europe and elsewhere should, IMO, foster socio-economic systemics that are free from conflicts of interest (using competition law as a tool, inter alia)

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Thanks.
BRs
Nick

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