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MOODY'S DOWNGRADES BOFA: Says Governments More Willing Now To Let Banks Fail
http://www.businessinsider.com/bank-of-america-just-got-downgraded-by-moodys-2011-9 ^
| 9-21-2011
| Joe Weisenthal
Posted on 09/21/2011 10:10:57 AM PDT by sheikdetailfeather
Just out...
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 ...
TOPICS: Business/Economy; News/Current Events
KEYWORDS: bofa; downgrade; moodys; sourcetitlenoturl
Just heard this on Fox News.
To: sheikdetailfeather
I wonder if Perry heard this....he was counting on their support?.....lol
2
posted on
09/21/2011 10:15:08 AM PDT
by
winoneforthegipper
("If you can't ride two horses at once, you probably shouldn't be in the circus" - SP)
To: sheikdetailfeather
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.”
3
posted on
09/21/2011 10:15:08 AM PDT
by
listenhillary
(Look your representatives in the eye and ask if they intend to pay off the debt. They will look away)
To: sheikdetailfeather
A definite BUY signal.
think contrarian.
4
posted on
09/21/2011 10:17:17 AM PDT
by
WOSG
To: listenhillary
Wow! Thanks for the info!
5
posted on
09/21/2011 10:18:01 AM PDT
by
sheikdetailfeather
("Kick The Communists Out Of Your Govt. And Don't Accept Their Goodies"-Yuri Bezmenov-KGB Defector)
To: sheikdetailfeather
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.
To: winoneforthegipper
Sorry to hear you lost your job as a comic.
7
posted on
09/21/2011 10:24:37 AM PDT
by
Chief901
(Well, he should have armed himself if he's going to decorate his saloon with my friend)
To: sheikdetailfeather
8
posted on
09/21/2011 10:27:04 AM PDT
by
listenhillary
(Look your representatives in the eye and ask if they intend to pay off the debt. They will look away)
To: winoneforthegipper
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.
9
posted on
09/21/2011 10:28:07 AM PDT
by
Raider Sam
(They're on our left, right, front, and back. They aint gettin away this time!)
To: listenhillary
10
posted on
09/21/2011 10:30:52 AM PDT
by
sheikdetailfeather
("Kick The Communists Out Of Your Govt. And Don't Accept Their Goodies"-Yuri Bezmenov-KGB Defector)
To: Scott from the Left Coast
Yep! You are right about that!
11
posted on
09/21/2011 10:31:51 AM PDT
by
sheikdetailfeather
("Kick The Communists Out Of Your Govt. And Don't Accept Their Goodies"-Yuri Bezmenov-KGB Defector)
To: Raider Sam
Truth smacks like a Japanese bullet train!....lol
12
posted on
09/21/2011 10:35:13 AM PDT
by
winoneforthegipper
("If you can't ride two horses at once, you probably shouldn't be in the circus" - SP)
To: winoneforthegipper
13
posted on
09/21/2011 10:38:14 AM PDT
by
Raider Sam
(They're on our left, right, front, and back. They aint gettin away this time!)
To: listenhillary
“Agency cites concerns about U.S. government support of the banks.”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.
14
posted on
09/21/2011 12:07:17 PM PDT
by
Oatka
("A society of sheep must in time beget a government of wolves." –Bertrand de Jouvenel)
To: sheikdetailfeather; stephenjohnbanker
MOODY'S DOWNGRADES BOFA: Says Governments More Willing Now To Let Banks FailThey won't let BofA fail. They will bail it out.... again.
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