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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)
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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)
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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)
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