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For profit certification companies can be bought out e.g. the bond ratings agencies in 2008. I think government regulations can work if they have a mandatory r
by tareqak 8y ago
For profit certification companies can be bought out e.g. the bond ratings agencies in 2008.
I think government regulations can work if they have a mandatory review every X years or self-destruct clause such that forces lawmakers to update the laws.
- Nasrudith 8y agoReally it is a problem of short-term greed. An impartial and accurate one has an inherit long term value that can't be beaten except by their own failure. The odd thing is that the big three responsible for lousy ratings didn't wind up supplanted by rivals after that debacle - perhaps I am missing something.