Round up the usual suspects. LOL!
Of course there is collusion and 'conflict of interest'. Integrity is so old-fashioned. We can expect that the investigation will find some lower-level scapegoat and will discredit the rating agencies further--permitting the banksters to pass off more junk as viable investments.
The real perps behind the bigger picture (like Soros who was short the market) will laugh and enjoy further fascist consolidation of the banking industry. Will the Wells Fargo moneylaundering machine absorb the bankrupt Bank of America? The Fed will launch a stealthy QE3, flooding the market with ever-shrinking dollars and intensifying the impoverishment of the American middle class.
Market futures were up overnight. Gonna be another rollercoaster ride today--extreme volatility is the new normal.
Here's the new visual meme:

∆∆