Why Should We Trust Them?
I'm curious as to why we Americans should put any weight on the decisions of incompetent agencies who are threatening to "downgrade" the AAA sovereign credit rating of the United States of America, when it was these same companies who rated toxic, bundled, mortgage backed securities as AAA! - Joe, Wakefield
Yup, Standard and Poors said those companies were in good shape when they were making terribly risky loans. Some people think this contributed to the housing bust/crisis of a few years ago which contributed to the near collapse of the financial system.
What do you you think of the downgrade?