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This is possible, because we don't have another set of rating agencies. Will have to learn from mistakes and fix what we have.
by AlexTWithBeard 6y ago
This is possible, because we don't have another set of rating agencies. Will have to learn from mistakes and fix what we have.
- burntoutfire 6y agoOr maybe, we can accept that we don't have good means for measuring risk, and just limit the financialisation of the economy... It would be a good thing long-term - the smaller the house of cards build by Wall Street, the less damage they do to everyone when they fall.
- AlexTWithBeard 6y agoHow can you limit "financialization" without at least some risk measure?
- burntoutfire 6y agoIf you keep financial instruments simple (e.g. basic bonds), then risk is easier to measure.