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He demanded that the agencies back off.
But it's unlikely that the agencies can be curbed by legislation or regulation.
He noted that the agencies agreed to close that matter without any prosecution or litigation.
Academic research suggests that the agencies change their ratings too slowly as new information becomes available.
Not only was there a turf war; it was obvious that the agencies weren't sharing information.
But critics have long argued that the agencies operated without sufficient oversight.
First, that the agencies spent many years overcounting the number of cases.
There have been no indications that the agencies would block the deal outright.
Roubini recommends that the agencies should be limited to accepting pay from investors in securities.
AIG claims that the agencies' moves will not have any significant financial consequences.
"I feel quite strongly that the agencies can plan better, even for emergencies.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com