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Given their track record, I'm amazed that anyone takes these ratings agencies seriously.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Wed Jan 14th, 2009 at 05:45:21 PM EST
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They're fine purveyors of self-fulfilling prophesies.

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith
by Migeru (migeru at eurotrib dot com) on Wed Jan 14th, 2009 at 06:54:49 PM EST
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