The looting classes start to throw each other under the bus
U.S. Inquiry Is Said to Focus on S.&P. Ratings. Sure, S&P caused Obama some ego damage, so he's pointing Holder at them. But Obama wouldn't be doing that unless his owners allowed him to.
So, I'm picturing Dimon and Blankfein and Moynihan, testifying before Congress on the teebee: "We didn't know! We were deceived! Those darn ratings agencies, we should never have entrusted our reputations to them!"
Of course, the accounting control fraud is systemic -- it's not within institutions, but between them. They're all in on it, including the stern-looking Congress critters up on the dias. "Kleptocracy on The Orient Express...."* The difference being, of course, that in the movie, the characters never betrayed each other. How unlike real life!**
NOTE * I crack myself up!
NOTE ** Sayeth the banksters to the ratings agencies: "I don't have to run faster than the bear, I just have to run faster than you..."