Yes, Moody's and the like that caused the 2008 financial crisis. It was indeed a mostly pedantic point, but even the OP there (cwkoss) said 'rating' when they m

Yes, Moody's and the like that caused the 2008 financial crisis. It was indeed a mostly pedantic point, but even the OP there (cwkoss) said 'rating' when they meant 'reporting' since it wouldn't be hard for the government to run a data aggregation platform with a few backends dedicated to calculating FICO or Vantage scores. (Technically the Government already backs the entire credit rating agency and their loan ratings, since they gave out billions in bailout money in the 2008 crisis :P)