S&P, Michael Lewis, please come to the rescue

Now that S&P has downgraded a panoply of European and other countries it is time for someone to see who S&P is. Why is this company that completely missed, in fact, was endorsing the mortage fiasco, now being a market mover. Why are they now honored as those who have insights. You, Michael, should meet these folks to see what bureaucrats reside there.

They should have been shuttered for incompetence in 2009 along with Moody's and Fitch for gross incompetence, aside Bear Stearns and Lehman on the investment banking side. ------more to come