One way to fix the rating agencies: Make their selection for a deal arbitrary, to avoid ratings...

|By:, SA News Editor

One way to fix the rating agencies: Make their selection for a deal arbitrary, to avoid ratings shopping, says Joe Weisenthal. Daniel Indiviglio says that wouldn't have solved our recent problems. Then there's the idea Kevin Drum highlights: Make the agencies sell collateralized ratings obligations, where they'd pay if a tranche of ratings failed at greater than the published default risk.