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Standard and Poor's

It is strange that Geitner, Obama, Wall Street liquidity junkies, and the usual cabal of narco-Keynesians would be so upset by Standard and Poor's downgrade of US government debt. Why don't they just nationalize Standard and Poor's, that is, literally make it a branch of the US government?

Now, you might think I'm being facetious because that would result in the US government rating itself. To old-fashioned people, that might sound like a conflict of interest. They might even say it makes a farce out of ratings. But ratings are already a farce.

Many people have gotten used to the idea that the budget deficit can be "funded" by the Federal Reserve buying US Treasury bonds. So why not take this sort of incestuous arrangement to the next logical step?