There you have it. Thw whole mortgage bond regime that brought the economy down was made possible by the deliberate misrating of bonds. This was a criminal conspiracy from the get-go.
http://www.nakedcapitalism.com/2011/08/quelle-surprise-standard-poors-execs-diddled-in-mortgage-bond-ratings.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+NakedCapitalism+%28naked+capitalism%29