How many times a day do you shake your head at the farces that jump out of the business world every day? Raise your hand if it’s at least twice day. Here you go for your list:

Lawmakers on the Oversight and Investigations Subcommittee, who are conducting the hearing, also plan to home in on the back and forth between Mr. Corzine and rating firms such as Moody’s Investors Service, Standard & Poor’s and Fitch Ratings, the person familiar with the matter said.

The legislators want to explore whether or not the star power of Mr. Corzine—a former New Jersey governor who once ran Goldman Sachs Group Inc.—may have clouded the rating firms’ judgment, the person said.

Moody’s and Fitch cut their investment-grade ratings on MF Global only days before the brokerage firm filed for Chapter 11 bankruptcy protection, and Standard & Poor’s did so only after the bankruptcy.

   The ratings agencies are entirely corrupt. Back in June, when the bozos at Moody’s threatened the U.S. credit rating, I asked why anyone even listens to an organization that was so far up the you-know-what of Wall Street when all the crimes were being hatched there it wasn’t even funny–and isn’t funny to the millions of people who lost their retirement and jobs.