I know.
Aye, but they took that risk.
Moody's, S&P and Fitch are all part of the problem though. They have been done in for lying about credit ratings and were intrinsic to the current economic climate. They dictate credit ratings so it benefits them, not what actually is true.
AFAIK, we know they will collapse anyway.
I should have been clearer in my initial statement, i was talk about passing when it comes to lending them money to bail them out so they dont have to deal with themselves. Joel made that point much better than i did anyway