E Thomas St.

Blaming the Ratings Agencies: Too Convenient

Mistakes were made? The obvious problem here isn't that mistakes were made, it's that mistakes were made and no one at the rating agencies is held accountable for something that was obvious back in 2006 to anyone who has seen bubbles before.

The only way they've received their share of culpability in enabling the whole mess is that many people, myself included, don't trust rating agencies at all. That lack of trust is good for the system how?