Need for NEW INDEPENDENT Rating Company

I was asked to make some proposals last month for an exclusive Global Economic Forum to be held in the Fall. One of those proposals was to form a NEW Rating Agency that does not follow the same model of Moody’s and Stand & Poors. Today I watched CNBC and what do I hear.. Someone saying the same thing… ohh well I guess there is no such thing as an original idea….but at least I know I put it out there early. Now I think a new Company and a new method of assessing the Credit Worthiness of companies and WHO pays and HOW the fee is paid and still assuring credible and independent ratings needs to be formalized for consideration by the SEC and other Stock Exchanges around the globe.