Stephen Colbert had great segments tonight on the failure of the US to prosecute anyone in the banks responsible for the meltdown that led to the great recession, although it is going after one rating agency, and Wells Fargo is going after one employee who put slugs in a coin laundry 40 years ago. But Wells Fargo thinks it is fine to defraud customers of millions of dollars. No punishment for that!
The S&P rating agency was basically a character reference for the banks, who were the actual crooks. It was the banks who put together the fraudulent financial packages. S&P was stupid enough to believe the banks, who lied through their teeth to the rating agencies and there customers. Is there no penalty for the banks lying in exactly the same way the rating agency did? The difference is that the banks own the American government, which has become increasingly corrupt.