S&P is another Arthur Andersen in my book. If Will is not right on about this it's because he did not go far enough to describe S&P's shenanigans.
“Standard & Poor’s would have forfeited its good reputation if it had a good reputation to forfeit these days. It missed the entire mortgage-backed securities problem right under its nose.”
S&P was one of the “key enablers of the financial meltdown”
I personally believe strongly that S&P should not be to big to be held accountable.
I can’t abide George Will.
Nonetheless, you could well be right about the rest.