Wondering who in these tumultuous times you can trust to rate mortgage securities?

Join the crowd.  Thus the coronation last week of PIMCO by the National Association of Insurance Commissioners in announcing its hiring of the world's biggest bond fund to stand in for the companies -- Moody's Investor Services, Standard's and Poor and Fitch -- that have the government imprimatur to do this work but haven't executed so good these past couple of three or four years.