After all, if the ratings agencies had done their jobs a few years ago, we wouldn't be in a lot of this mess.
Agreed. I wonder if the agencies may be doing a little grandstading, in an attempt to make it seem like they know what they're doing. (Though, considering the dysfunctionality of Congress during the debt ceiling fiasco, the downgrade may not be totally inappropriate.)
Life is cheap, but the accessories can kill you.