On Wed, 07 Jan 2015 10:10:03 -0600, Frnak McKenney*
wrote:*

On Sat, 03 Jan 2015 11:40:26 -0600, F *George McDuffee wrote:*
*
*[...]*
*
IMNSHO it is unreasonable to expect the average, or indeed*
professional, investor to conduct in-depth due dillagance on*
every investment they make, to verify/validate the rating*
organization valuations*http://tinyurl.com/oxhw2ah. *Indeed,*
in many cases the securities broker/financial advisor was*
the advisor who suggested an investment in ABS [asset backed*
securities -- CDOs], CDS [credit default swaps] or interest*
rate swaps, based on *THEIR* understanding AT THE TIME.*
*
Which sort of begs the question, "Who will rate the ratings agencies?"*
*
Is there some sort of qualifying exam for becoming a Recognized Ratings*
Organization?*
*
Jes' curious...*

I imagine that the mainstream news media can do what's necessary.