Discussion in 'Current Events' started by BDBoop, Jun 21, 2012.
Moody's cuts credit ratings on 15 major banks - latimes.com
Not finding a thread.
And that's ...good news to the radical left?
This sort of thing forces these banks to ACT RESPONSIBLY, because they will now have to provide more collateral, and their own borrowing abilities are more limited.
All of the "casino" gambling that the banks have been doing are coming home to roost.
The democrats forced Banks to make bad loans or risk civil rights litigation and the democrat majority pretended that Fannie Mae would bail out the banks. House banking chairman Barney Frank said that Fannie Mae was doing fine when it was on the verge of collapse. Frankly lefties, it seems that left wing social casino gambling odds put us in this situation.
Bullshit....the downgrading today is just a part of the plan to ensure qe3. Prepare for "end of the world" reports in the media over the next few months...they want your money..and they will very likely get it.
Just one more inevitable step in the Fall. It's Not over Yet, There is more Bad news to come tomorrow, and another very bad day for the Markets. me Thinks.
These Current Down Grades are actually More Related to How much Expose these banks have to Bad EU Debt, Than anything happening over here.
You don't know what you are talking about sir. today's down Grades are a sensible Reactions to these Banks MAJOR exposer to The Debt Problems in Europe.
And that exposure has existed for a long time now...and is nothing compared to derivative exposure. I question the timing. This downgrade should have occurred months ago.
Every day the EU Debt Crisis Grows. I think it makes perfect sense it is happening now.
Didn't Helicopter Ben say QE II was to start next week?
If my credit rating goes down the cost of borrowing goes up.
Gee, you think the same thing will happen at the Banks?
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