S&P's U.S. DEBT DOWNGRADE: QUOTE OF THE MONTH

"If ever there was an organization more corrupt, incompetent and less capable of issuing an intelligent analysis on debt than S&P, I am unaware of them."--Barry Ritholtz on his Big Picture Blog. 

One has to ask, if S&P hadn't given triple-A credit ratings on mortgage backed securities, leading investment banks to propel the housing bubble to such lofty heights, and the resulting financial crisis caused from the collapse, would the country be faced with it's current budget shortfalls?