Morons. We have morons on our team.*
*Kewpie doll to whomever gets that reference.
NOW Can We Put The Ratings Agencies Out of Business?
No, because now it would look like sour grapes, wouldn't it? Vindictiveness? Partisan? Downright Putin-esque, actually. But shouldn't the S&P's grade of U.S. long-term debt have about as much credibility as Henry Blodget's grade of U.S. stocks? The administration should have prosecuted S&P and the the other criminally negligent ratings agencies when it had the chance. Too late now.