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Re:Inflated Bond Ratings Helped Spur the Financial Crisis. T... by nradov on Thursday August 08, 2019 @02:59AM (#20642421)
Potential bond buyers are free to pay an independent third-party service for an independent rating if they want it.
Re:Inflated Bond Ratings Helped Spur the Financial Crisis. T... by mannykannot on Thursday August 08, 2019 @08:37AM (#20643924)
There is no practical way that I can make use of the availability of such ratings to protect myself (let alone others) from the damage to the economy that is being caused by the conflicts of interest being described here.
Re:Inflated Bond Ratings Helped Spur the Financial Crisis. T... by oarsinsync on Thursday August 08, 2019 @11:03AM (#20645190)
How do I get my employer-provided-pension fund to do this, when they depend on these rating agencies to ensure they only invest in safe, AAA rated securities?
Re:Inflated Bond Ratings Helped Spur the Financial Crisis. T... by pelario on Thursday August 08, 2019 @03:03AM (#20642436)
Do you know if they do it?
Re:Inflated Bond Ratings Helped Spur the Financial Crisis. T... by pas on Thursday August 08, 2019 @04:51AM (#20642846)
Big investors do it. They contract independent firms to double-check their own traders' thinking and decisions.

It's usually not proactive though. (PE firms get valuation checks before investment, but that's different than bonds.)