We are keeping away the minor tremors that keep the big earthquakes away.

Sir nothing, nothing, nothing of the current financial turmoil would have occurred if the credit rating agencies, empowered by the bank regulators to signal that it is possible to measure risks objectively, had not spread around the subprime virus. Of course using the credit rating agencies in the short tem can be something very good and expedient but in the longer run it can only lead to major disasters as the number of questioners are silenced. In my country, Venezuela, whenever there is a small tremor people applaud as these keep the major earthquakes away. Unfortunately, our current bank regulations seem more destined to keep the minor tremors away and it behoves all of us to do something about it.