Rating the raters

­Why haven’t the credit rating agencies paid any price for their involvement in the 2007 financial crisis? Are they being too severe on the EU members? Is it a way to make up for their fatal mistakes? Or can they be trusted when rating the sovereign debt as they’re not paid for it? Is there a way to regulate them without undermining their independence?

CrossTalking with Gary Witt, Mark Calabria and Richard Eskow on Dec. 14.