S&P, Moodys, and others have already been discredited and exposed as the crooks they are. They constantly took bribes in exchange for good ratings, and through that helped along the entire financial collapse. That's also why it hurt retirement funds so badly, because generally retirement funds are only based on funds & securities with AAA ratings. When questioned by Congress, they just shrugged their shoulders and said, "we only give opinions, not facts".
heh, at times I sooo wish I could be a high-ranking US politician, or Pentagon official. I would love to see some of the conversations that go on.
S&P: Well, we're thinking of downgrading you, but doing this and this might change our mind.
US Govt: Get fucked, you're way out of line. We treat you extremely well, so learn your place.
*S&P Downgrades US*
*Milan offices raided, couple suicides, IRS investigates, Congress has ethics investigation, Commerce Dept decides to review regulations on ratings firms, etc.*
US Govt: See, told you not to fuck with us. Now if you don't want this to get any worse, here's what you're going to do...
Lesson: Don't fuck with the world's largest mafia.
