15 Major Investment Banks See Ratings Cut by Moody's

cnbc.com ^ | Thursday, 21 Jun 2012 | Mary Thompson, Margaret Popper

[Aquamarine]

Moody’s Investors Service downgraded the debt ratings of 15 major international banks and securities firms on Thursday, a move that could cost the banks billions of dollars in extra collateral.

U.S banks that were downgraded included: ......

[Zakeet]

Better article on the subject: Here We Go: Moody's Downgrade Is Out - Morgan Stanley Cut Only 2 Notches, To Face $6.8 Billion In Collateral Calls.

Among other highlights:

• Rating cuts were long overdue

• More cuts coming to the same institutions

• Rating agencies were jawboned into holding back

• Cuts are expensive in terms of increased balances and interest cost

• Cuts came to the same group of big banks that own the Fed

• More bailouts inevitable

Bottom line: The big train wreck is gathering momentum. Get out of fiat and get into precious metals NOW.

[pointsal]

Notice how hard it is to see the names?

[reefdiver]

This web site would do alright by it's self by not letting anything be posted as news that has nbc anywhere close by. At a minumin, a disclamer attached that it's suspicious as news coming from nbc

[CCGuy]

Much better article. Thanks!

[mrsmith]

.

“reflects Moody’s view that government support for US bank holding company creditors is becoming less certain and less predictable...”

Good.

“...whereas support for creditors of operating entities remains sufficiently likely and predictable to warrant stable outlooks.”

So they’re not being downgraded only because the taxpayers will save them?

[Gen-X-Dad]

Ahoy mateys, there be the derivative death star off the port bow and she be sucking us down the maelstrom of financial ponzi death. All them little financial bank boats swirling down the drain be nothing compared to the massive nation ships that have tied themselves to them, like an albatross around ye neck.