Oh, and BTW: If Moody’s, or Standard and Poors, or any other of these shysters were doing their damn job, then they would be downgrading stuff way before the companies/countries go in the dump.
But they’re not. They are playing the same games as everybody else, just like the property assessors, and the bond rating agencies, and the whole other bunch of whores.
Then, when Triple A stuff is getting flushed down the toilet, Moodys and the rest will say “Well, you know, there’s risk in every investment... don’t blame us!!” and they will walk with their Lexuses and bonuses and Cayman Island bank accounts.
I agree. Everybody’s trying to keep the shell game going until it all goes kaboom. Scary indeed.