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Is it time to have a federal agency assign debt ratings. After all we don't let the pharmaceutical companies determine if a drug is safe. The feds may well ou
by ripvanwinkle 7y ago
Is it time to have a federal agency assign debt ratings.
After all we don't let the pharmaceutical companies determine if a drug is safe.
The feds may well outsource ratings to private companies but those companies are no longer beholden to the issuer of the debt.
- 0x8BADF00D 7y agoYeah, that’s what we need. More government to guarantee that bonds are good when they’re actually shit. The Federal Reserve already does a fine job of that. After all, US treasuries are AAA, right?