S&P Ratings 'Recalibration' Brings Cuts to 37 Banks

``Standard & Poor's Ratings Services on Tuesday downgraded dozens of large financial institutions, including Bank of America Corp., Barclays PLC and Citigroup Inc., citing a new methodology that reflects weaker confidence in governments' willingness and ability to bail out banks in trouble.'' -- Well, at least the ratings agencies are going to stop pretending now...