and that there are basically no other alternatives that are any different. There are other ratings services, but they do about the same thing as S&P

It's practically inescapable and totally sold out

you made a decision based on the authority's information.

For example the banks were not responsible for the bad loans they originated because the "loan committee" should have disqualified the lender.

The pension funds who bought the Derivatives backed by shit sold by the banks are not responsible because the Rating Agency should not have given them the AAA rating.

It is all a game the .0001% play making each act only "nearly" bad.
When the whole is absolutely bad and serves no one but them.

They system is rigged and must be remade on moral values.

It now serves no one except the economic royals.

If we want to live a society that values PEOPLE over money we have to create that society.

very important ideas that we need to have a serious discussion about.