The current financial crisis has been deepened by the fact that investors are very uncertain about the risks entailed by many financial instruments. Creating a public institution to identify and quantify these risks, subject to transparency and accountability, will prove very valuable in the medium- and long-run. Private credit-rating agencies were not, and in my opinion could not be expected to be, up to the job.
- financial crisis
Available at: http://works.bepress.com/leonidas_delarosa/6/