Credit Agencies under Fire from Central Bankers. Risk Management under threat ..?

The Role of credit rating agencies was exposed, during the Lehman Crisis. The Integrity and validity of the standards were put question. In the recent times, the role of credit agencies has again came into discussion, during European Debt Ratings for Greece, Spain et.al. Jean Paul Trichet, ECB Chairman, was candid to blame the Agencies for there Role, for panicking and destabilizing the Debt Markets.  The On Going US Debt Crisis may also evoke a similar response, which is being underplayed for unknown reasons

                                    The ensuing report shows, How the importance of rating Agencies may be cut down in rating US Debts. The risk management shall now on be more difficult..?