Heh...Funny that Moody would be the "expert" to rate them. Seeing as Moody's was just a major player in the false ratings scams that helped lead us into the shitstorm of '08, it amazes me that they would be considered a reliable source of rating another company.
I guess to many a liar is no longer a liar after awhile.
As for "Too Big To Fail"? Nothing is too big to fail in a free-market system and should be allowed to die a natural death. Sure, the consequences would be huge but what are the consequences of helping them out?
Our economy has not experienced any fundamental change that will prevent that from happening again. In truth that kind of thinking has allowed our economy to continue to act in the very same manner it was acting prior to the recession.
So...We make companies "Too Big To Fail" and give them trillions of dollars in welfare handouts while they use chewing gum and duct tape to repair the very system that got us into that mess. We seem to have learned nothing from our experience and are heading back to the very same place.
Conclusion: We give welfare entitlements to companies that are "Too Big To Fail" so we can keep "thousands and thousands!" of jobs for the middle class.
Yet AIG uses that money to pay millions in bonuses to the people that caused the problems in that company. Chrysler continues to follow it's policy of shitty cars and trucks while pushing the trucks on the populace. Trucks that are worthless as anything but compensators to most of their owners. The very same business plan that led to its near-demise 10 years ago.
I could go on but the end-game is that trillions of dollars went to use a band aid to treat a near amputation. Sure, it looks good to the masses that don't do much thinking, it mollifies those that deify Wall Street, it makes stupid politicians look smart...
And it merely delays the inevitable because it did not come close to curing the problem.
And thousands end up losing their jobs in an even crappier market than before.
Welfare rarely helps unless there is a fundamental shift in how the recipient acts after receiving the welfare assistance. I don't see it.