Bond Rating Agencies, Democracies and Us
Jan. 22nd, 2012 09:42 am![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
dewlineA while back, over on Facebook, I asked a rhetorical question: who, exactly, voted control of several of the world's nations into the hands of companies like Moody's, Standard and Poor's and so on?
To this day, I don't remember seeing those companies named on the ballot in my federal or provincial electoral district(AKA "riding"). And unless the news from the European Union nations now under political-economic siege from those companies has been altered, I don't believe voters in those nations even suspected that the bond rating services were being voted into or out of political power either.
Well, this morning on CBC Radio One, the Sunday Edition is looking into that same question, and host Michael Enright and his crew apparently plan to ask it in a far more concrete sense than I did.
To this day, I don't remember seeing those companies named on the ballot in my federal or provincial electoral district(AKA "riding"). And unless the news from the European Union nations now under political-economic siege from those companies has been altered, I don't believe voters in those nations even suspected that the bond rating services were being voted into or out of political power either.
Well, this morning on CBC Radio One, the Sunday Edition is looking into that same question, and host Michael Enright and his crew apparently plan to ask it in a far more concrete sense than I did.
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no subject
Date: 2012-01-28 01:16 am (UTC)no subject
Date: 2012-01-28 03:57 am (UTC)