The fiscal rot is starting to stink — Moody’s eyes downgrade of biggest US banks
To tell you the truth, all credit agencies, if they were no corrupt and wicked and under government influence, should have downgraded America’s credit worthiness and downgraded all of her financial institutions along time ago. It is quite obvious that none of them are above board when it comes to stability .
The world knows that America is laundering trillions of paper assets through her financial institutions along with playing fiscal hot potato with the EU. If this is so, and it is, then everyone recognizes that not only should America’s banks have been downgraded years ago, but because of all of the accumulated un-payable debts amassed by the federal government, She also should have been downgraded to less than junk status.
Moody’s eyes downgrade of biggest US banks (via
AFP)
Ratings agency Moody’s said Thursday it was mulling a downgrade for four major US banks due to an expected reduction in government support under financial reforms. JPMorgan Chase, the largest US bank by assets; Wells Fargo and investment banks Goldman…
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