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My Princeton colleague Dilip Abreu suggests paying ratings agencies with some of the securities they rate, which they would then have to hold for a while.
The woefully inaccurate ratings that have cost investors billions were not, mind you, a result of issuers paying ratings agencies handsomely for their rosy opinions.
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Channel 5's Benefits Street bandwagon-jumping, with a live debate show featuring White Dee and Katie Hopkins, paid ratings dividends on Monday night, attracting more than 2 million viewers.
The British Soap Awards' move to Sunday from Wednesday night paid ratings dividends – figures were up from last year's 5.2 million and 22.8%.
Egan, who competes directly against the big ratings houses, blames a system in which companies pay ratings firms for their grades.
There should be a rule against issuers paying for ratings.
Advertisers, for their part, wind up paying for ratings that often reflect only this stunt programming.
They say, "There should be a rule against issuers paying for ratings".
Mr. Kolchinsky has highlighted the potential conflicts of what is known as the issuer-pay ratings model, in which banks and borrowers that sell debt securities pay for ratings.
Issuers and underwriters actively shopped for ratings and were unwilling to pay for ratings they deemed too low".
John Osbon: There is one overwhelming fatal flaw in the ratings agency model: The issuers themselves pay for ratings.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com