[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?

[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?