Here's something to be thinking about.
'The credit rating agencies allowed Wall Street to impact their analysis, their independence and their reputation for reliability. (And) they did it for the big fees that they got'.
Senator Carl Levin, Chairman of the Senate Investigations Subcommittee (Bloomberg)
'We have....learned some important lessons from the recent crisis, and have many a number of significant enhancements to increase the transparency, governance, and quality of our ratings'.
S&P spokesperson Chris Atkins (Reuters)
'Stealing someone's pension or their mortgage through some complicated financial fraud is just as serious as mugging an old lady, or burgling someone's house. Unfortunately, because the people committing these financial crimes are wearing suits and ties and (are) sitting in offices, they think they can get away with it scot-free. That has to end'.
Conservative Chancellor-in-waiting George Osborne (The Daily Mail)