Mr Jouyet cannot have the cake and eat it too

Sir as reported by Paul J Davies in “France demands stronger ratings supervision” January 22, it looks like Mr Jean-Pierre Jouyet, the French regulator strives to have the cake and eat it too. On one hand he wants to increase the supervision of the credit rating agencies and so which presumably would make them more “trustworthy” for all to follow and on the other hand he “wants to see the role of agencies in the financial system reduced.” He needs to make up his mind. May I suggest he concentrates on the latter alternative as the first would only risk digging ourselves deeper into the hole we’re in.