Moody's downgrades 15 major banks

[BDBoop]

Moody's cuts credit ratings on 15 major banks - latimes.com

Not finding a thread.

Moody's Investors Service lowered the credit ratings of 15 the world's largest banks late Thursday, including Bank of America, JPMorgan Chase and Goldman Sachs, saying their long-term prospects for profitability and growth are shrinking.

The ratings agency said it was especially concerned about banks with significant financial markets businesses because those markets have become so volatile. Some of the largest European banks were also downgraded, including Barclays, Deutsche Bank and HSBC.

The downgrades mean Moody's is more concerned about the ability of the banks to repay their debts. Moody's had said in February that it was considering downgrading the credit ratings of major banks in the U.S. and in Europe.

 

[whitehall]

And that's ...good news to the radical left?

 

[TruthSeeker56]

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.

 

[whitehall]

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.

 

[iamwhatiseem]

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.

 

[Charles_Main]

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.

 

[Charles_Main]

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.

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.

 

[iamwhatiseem]

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.

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.

 

[Charles_Main]

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.

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.

 

[Mad Scientist]

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.

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?

 

[iamwhatiseem]

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.

No.
The EU Debt crises, like the U.S. mortgage crises, has been building for years.
Keep in mind, the day before the market collapse - the bailed out banks/financial giants had 'AAA' status. It is a rubber stamp that is meaningless. No way, no how could any of these companies be listed as triple-A since the early 2000's.
Same wit the EU - it is not like this exposure suddenly appeared - or that people only now know that the Euro is in deep shit. They were counting on a bail-out...and that is one helluva corrupt rating system when government bailouts become part of the equation for credit ratings.

 

[TakeAStepBack]

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.

You actually think the largest fed charter banks are going to have to be responsible? No. The fed will bail them out on the taxpayer dime again.

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.

Yep. Just like Operation Twist, while it will not be announced until the last minute again, will be extended.....indefinitely. Because the flow can not seize or the market will crash. It's fully propped up now.

 

[RoadVirus]

But Obama said things were going well! Huh...guess not!

 

[Avorysuds]

Thank you elected Republicans and Democrats.