Time to sound off again. Is anyone thinking the same thing I am when reading about the slime ball credit rating services threatening the US government's credit rating? Moody's, Fitch and Standard & Poors are all threatening to downgrade the ratings due to the federal deficit. Each of these sleazeball companies were up to their necks in the rise and collapse of the sub-prime mortgage market. They boasted high ratings for the worthless paper for years and then claimed to be innocent victims when the bottom fell out. Each of these companies needs to be knocked down a peg or five! How can you be so involved in a financial catastrophe and yet be the bully to the most stable and functional government on the planet? It is time to take these low life's down.
Each of these companies have spend millions of dollars in lobbying to defeat new regulations affecting the oversight of their businesses. They threaten on one hand and bribe on the other. The mortgage and housing market is not going to recover unless we return to the underwriting guidelines of the 80's and 90's. It will also not recover with high interest rates because criminals in the rating agencies have downgraded our debt. It is time to call out these criminals and show them to be what they are...flawed, hypocrites, greedy and dishonest.