The investigation began well before the cuts. And the investigation would have happened anyways because in 2011 the House had completed an investigation which p

The investigation began well before the cuts. And the investigation would have happened anyways because in 2011 the House had completed an investigation which pointedly called out the ratings agencies. And the big problem with the cut was it made no sense. Which was evident from the fact that the US continued to enjoy nearly a decade more of sustained borrowing at nearly 0 rates and the cut itself had no impact.