
'Crashing the party' noted that the ratings agencies should figure among those with some responsibility for the crisis. Their turn came when the House Oversight and Government Reform Committee held a hearing to grill the heads of Moody's, Standard & Poor's, and Fitch Ratings.


So, Congress has held a number of "show trials" to grill many of those that have had a part in the run up to the current crisis... However, they have not yet shown a willingness to take a look at their own (significant) role in this crisis... This bunch of 'Louis Renaults' are "shocked, shocked" at what happened and are busy rounding up the usual suspects...