Krugman on OWS: What’s going on here? The answer, surely, is that Wall Street’s Masters of the Universe realize, deep down, how morally indefensible their position is. They’re not John Galt; they’re not even Steve Jobs. They’re people who got rich by peddling complex financial...
galtian overlords
Obviously, the American political system is in large measure dysfunctional, but this doesn't change the fact that the S&P downgrade was a complete farce from an organization with less than.