several lawmakers have publicly questioned whether the ratings agencies have the competence to evaluate the country’s finances................
I think the S&P people are terrorists questioning our lawmakers absolute knowledge and their views should not be given equal time on the MSM. /sarc
I think the credit rating agencies are a bunch of idiots. The US borrows 40 cents for every dollar they spend....so why did they have an AAA rating? Rating should have been lowered years ago.
“several lawmakers have publicly questioned whether the ratings agencies have the competence to evaluate the country’s finances................”
Right. Not very long ago a US Congressman stated that he worried adding more military people to an island might make it tip over and sink. How dare anyone question the knowledge and opinions of the elected few?
Maybe S&P learned from the poor measures given to all those mortgages.