Do the S&P have any real Moral Authority and leadership given their history...?

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What moral authority do the credit-rating agencies such as S&P have to grade any country's debt. Why should we learn anything from them when they were the same agencies that were passing off junk stocks as "worthy" buys. They colluded with Wall-street to create the financial collapse which caused the recession in '09 and now they suddenly have the authority to downgrade US and France debt and throw the economic world in a Frenzy again. Why isn't the media questioning their rating now, when they have a history of assigning bad grades. We must now just accept it as gospel. Their discretion were bad then and may have been so now. But this kind of Wall street mess helps the capitalist who will not suffer significantly from the downward trend of stocks. When stocks go down some sell while others buy because it's just a short time before the stocks go back up. Is the stock market any real indication of economic stability or just a big scheme to help the rich get richer. It has to go up and down for any real profits to be made by the rich. So the grades again help big players on wall street but disadvantage the masses. This is all a big game; and S&P is part if it.

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