This article like countless others, cites one of the big credit rating agencies without mentioning their horrible track record. As I’ve said before, and will many times again I’m sure, “Moody’s not only gave AAA ratings to thousands of worthless mortgage-backed securities during the 2000s, it also gave a thumbs up to Enron and Lehman Brothers days before each went belly up.”

Moody’s also downgraded the USA in 2012 which was literally insane but a gift to budget slashing extremists in Congress who then gave back to Moody’s by gutting reforms that would have cost the agencies big bucks.

If only something existed – let’s call it the internet – that allowed reporters to quickly research important facts and make them known to readers.

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