After last month’s deficit reduction and debt ceiling deal, US credit rating agencies downgraded the United States’ credit rating. And while this downgrade sent shockwaves through financial markets, the fact that these rating agencies actually helped create our current financial disaster went completely overlooked. According to a Senate report released earlier this year, these ratings agencies like Moody’s and Standard and Poor knew that Wall Street banks and mortgage brokers were ripping off consumers and pushing our economy towards the brink of disaster, yet they did nothing to prevent that disaster from happening.