You can file this one under D for Despicable.

Apparently, Moodys, Fitch and S&P aren't quite satisfied with having batted cleanup for the 2002-2007 Economic Wrecking Crew All-Stars.  In a move straight out of a student sit-in protest, the three ratings agency stooges will now be wreaking havoc in the still-fragile $1.4 trillion asset-backed securities market by refusing to do their jobs.

This went on during my recent absence from blogging, but WSJ (via Coyote Blog) has the scoop:

Ford Motor Co.'s financing arm pulled plans to issue new debt, the first casualty of a bond market thrown into turmoil by the financial overhaul signed into law Wednesday.

Market participants said the auto maker pulled a recent deal, backed by packages of...