[apillar]

Lol! I guess someone in Europe was reading my posts! Early in the default debate, when Obama was crying about the how these rating agencies were going to destroy the American economy. I said that if he, or any other president, REALLY wanted to prevent a downgrade (which he didn't, he hoped to blame the Republicans for one) all they would have to do is send a quiet message to the executives of these agencies that in the case of downgrade, the IRS, FBI, FTC etc. would be taking a VERY close look into the business AND personal finances of the rating agency employees. I'm guessing the threat of a downgrade would disapear off the table so fast it would make your head spin.

[danielmryan]

Early in the default debate, when Obama was crying about the how these rating agencies were going to destroy the American economy. I said that if he, or any other president, REALLY wanted to prevent a downgrade (which he didn't, he hoped to blame the Republicans for one) all they would have to do is send a quiet message to the executives of these agencies that in the case of downgrade, the IRS, FBI, FTC etc. would be taking a VERY close look into the business AND personal finances of the rating agency employees. I'm guessing the threat of a downgrade would disapear off the table so fast it would make your head spin.

Except for foreign rating agencies.