The banks are in full game on now. Moodys downgrading 15 global banks had magnificent timing don't you think? Just on the day the markets fell 250pts....my. So what changed? These banks deserved downgrading a year ago...but it was too soon then. Governments were not yet ready to hear "the sky is falling again" from the banks and the market/financial system. Then when the FED announced a timid/tentative half-hearted gesture that they are willing to provide stimulus...but no cash...it is time to act. This is just beginning. They want QE3 - and they mean to get it. Be prepared for calamitous/dire reports coming soon to a media near you. The banks need another infusion of your money.