Who Do We Think We Am?

       Uh Oh. Now they've done it. Now uncle Sam has gone and accused a rating agency of fraud over the financial meltdown, because of loan bundling. What is our government thinking? These are the agencies who have already downgraded our credit worthiness once. And the threat is sorta out there that the government could go after the others as well. Who do we think we am?
       I mean we can't just go after big guys like this. Remember some of these guys are too big to fail. And that includes the management. You might get away with the night watchman or the janitor, but the whole company? No, we've over stepped our role here. It's one thing to find fault with them, or to pay a blue ribbon committee to investigate them, but hey, come on, actually charge them? With fraud?
       What if they had to go bankrupt because of this? Who would be there to downgrade our government's credit rating when we do something stupid? Like refusing to pay our debt bills when they come due. Look, I understand they may have actually done somethings wrong. Maybe even broke the law. But can we charge them with a crime just for that?
       Why, if we did that we'd have to charge a whole lot of other big companies and banks for similar crimes. Oh, wait, didn't we say we couldn't do that because they were too big to fail? Didn't we also decide we couldn't even charge any CEOs or CFOs or any COs of any kind? Why? Because that would look bad on their resumes I guess.
       Why is it that any company or bank is too big to fail? If a bank is too big to fail, isn't it too big? When a too big to fail bank is in trouble, we have to bail them out to keep them solvent. Well if we start charging them with crimes, they might begin to become insolvent. Then we'd have to bail them out again. Maybe if we have to bail out any of these credit rating companies, maybe we could ask them, nicely, to raise our credit rating instead of lowering it.