A special edition of The Polka?

On Wed, Sep 30, 2009 at 4:58 PM, Doug Elrod <[email protected]> wrote:

>
> This precipitated one of the few Tokyo live reports (Margaret Connelly
> (sp?)) that I can remember since the "Business News from Tokyo" days.
> Anyone remember any other?
>
> -Doug Elrod ([email protected])
> P.S.  Hearing about the rating agencies being grilled in Congress, it
> struck me that the problems with them would largely go away if they
> were just transformed into "bookies", of a sort.  Simply have them be
> the only ones allowed to issue the (*also* troublesome) "credit
> default swaps", and if their "ratings" (seen via how they price the
> CDS's) are correct their profits will be maximized, just the same as a
> skillful bookmaker!  And there would be no problem making such ratings
> public.  Has this been proposed before?
> >
>

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