Reply #36: Not so much bust them [View All]

[Po_d Mainiac]

But hold them accountable.

Impartial and accurate rating of risk is a nessesity. Problems arrise when the issuing party is the one paying for the rating. Any idiot should see this is more than a 'conflict of interest' It's more like legal bribary

Congress critters exempted the major rating agencies from liability. A couple successful class action suits, by swindled investors, under the RICO statutes wood put an end to the bullshit.
YMMV