Moody’s, who rated every piece of crap MBS and CDO AAA, just because Goldman Sachs and others paid them too, has the audacity to rate the U.S. government, who bailed out the entire financial clown circus which includes Moody’s.
But Moody’s isn’t content just to actually change ratings, No, they have to give the government a stern wag of the finger and warn them (article). So Moody’s, the idiots who got rolled by Wall Street (and Moody’s people, have you seen the insulting things your buddies at Goldman say about you?) and thus cause a couple trillion that the U.S. government is now in the hole are going to tell the U.S. government (and threaten it) how to handle its affairs and its debt.
Too bad Dodd-Frank didn’t decide to hold ratings agencies accountable for their lies on ratings and let anyone who lost money sue for damages and add then clawbacks of all the bonuses since 1998. You idiots! Your math is crappy. You are corrupt (even when a few of your analysts brought up issues, the bonus-motivated managers threatened the employees). And you are just plain wrong. You cost people their homes, their wealth, and even their lives. And you did it for a pittance payoff compared to the ripoffs Goldman people get. You’re not only a hooker, but you’re a cheap hooker too.
So take your stupid ratings and shove ’em where the sun don’t shine. And keep your libertarian nonsense economic theories out of politics – you have no vote at this table.
You’re just mad because the Wall Street types treated you like third class citizens and then the two investigations proved you’re idiots at minimum, or totally corrupt at worst. If you think you need revenge take it out of Goldman Sachs and your own CEOs and board, not the U.S. citizens.