Is it time to have a federal agency assign debt ratings. After all we don't let ... | Hacker News

Hacker News new | past | comments | ask | show | jobs | submit

login

ripvanwinkle on Aug 8, 2019 | parent | context | favorite | on: Inflated Bond Ratings Helped Spur the Financial Cr...

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 on Aug 8, 2019 [–]

Yeah, 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?

Join us for AI Startup School this June 16-17 in San Francisco!
Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact