Is it just me or has anyone else noticed the irony of Standard and Poor’s downgrading of the US credit rating? Wasn’t it S&P who, as a major player in the approval of toxic assets, helped tank the housing market along with many of the world’s major economies? Wasn’t it S&P who gave an AAA rating to all those infamous Wall Street derivatives that really weren’t worth a bottle of pirate piss? Is this the same S&P who some now say made a two trillion-dollar arithmetic error in their decision to downgrade America? I’m beginning to think that the S and P in S&P may be just common four-letter words.