Skip to comments.MOODY'S DOWNGRADES BOFA: Says Governments More Willing Now To Let Banks Fail
Posted on 09/21/2011 10:10:57 AM PDT by sheikdetailfeather
Bank of America has had its long-term senior debt cut to BAA1 by Moody's.
The stock is off about 3%.
It had been just barely down right before the news hit the wires.
Read more: http://www.businessinsider.com/bank-of-america-just-got-downgraded-by-moodys-2011-9#ixzz1Ybk25QPB
(Excerpt) Read more at businessinsider.com ...
I wonder if Perry heard this....he was counting on their support?.....lol
Drudge tweet at top of the page.
“Citigroup joins Bank of America, Wells Fargo in Moody’s downgrades. Agency cites concerns about U.S. government support of the banks.”
A definite BUY signal.
Wow! Thanks for the info!
More willing...I doubt that. It is just that governments are no longer in a position where it is even possible for them to keep the rickety ships afloat. They’ve already used all their ammo.
Sorry to hear you lost your job as a comic.
The link, but it is another twitter.
It was covered at the buildaburger meeting when Perry, a Moody’s exec, and the BofA VP got together in a white room where the sun never shines. They determined that Perry would rise up on the last vestiges of BofA capital to create the NWO, then BofA would be downgraded in order to diminish the linky between BofA, Perry, Moody’s, and the mascot of the New Jersey hockey team.
Yep! You are right about that!
According to "Reckless Endangerment", the ratings agencies used that "We'll downgrade" if the government tightened its controls (regulators) and/or pulled its backing from pre-2006 Fannie and Freddie. The politicians folded.
They won't let BofA fail. They will bail it out.... again.
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