Replies

To: Typical_Whitey

saw this as a flash on Drudge a few minutes ago. Any idea what the immediate repercussions will be?

4 posted on 11/29/2011 2:27:42 PM PST by pgkdan ("Make what Americans buy, Buy what Americans make, and sell it to the world" Perry 2012)

To: pgkdan

DJIA up 500.

5 posted on 11/29/2011 2:32:18 PM PST by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)

To: pgkdan

Any idea what the immediate repercussions will be?

Nothing terminal. Some of this is a change in the way the rating companies are doing math and not a change in the condition of the banks.

Most bank stocks are swirling the bowl already, so I don't think they'll be punished by the professional investors.

7 posted on 11/29/2011 2:39:02 PM PST by Glenn (iamtheresistance.org)

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