What actions did the Invisible Hand of the Free Market take to correct the failures of the Big 3 Credit Raters?

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"employees @ moody's investors service , standard & poor's privately questioned value of mortgage-backed securities given creditworthy ratings, saying created ``monster,'' according e-mails released u.s. house panel.

``let's hope wealthy , retired time house of cards falters,'' 1 e-mail s&p employee said..."

http://www.bloomberg.com/apps/news?pid=2...

"as housing market collapsed in late 2007, moody's investors service, investment ratings trusted, responded purging analysts , executives warned of trouble , promoting helped wall street plunge country worst financial crisis since great depression.

mcclatchy investigation has found moody's punished executives questioned why company risking reputation putting profits ahead of providing trustworthy ratings investment offerings..."

http://www.mcclatchydc.com/227/story/772...

"employees @ moody's investors service , standard & poor's privately questioned value of mortgage-backed securities given creditworthy ratings, saying created ``monster,'' according e-mails released u.s. house panel. ``let's hope wealthy...


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