Maybe this is too much wonkidom, but following up on the previous post, especially Unagidon's analysis, there is this op-ed in Tuesday's Times: "The Revenge of the Rating Agencies""The credit rating agencies are taking advantage of the countrys financial problems to increase their own political power. They want to ensure that regulators do not reduce their autonomy and influence."

Margaret O’Brien Steinfels is a former editor of Commonweal. 

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