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OverDone Donating Member (62 posts) Send PM | Profile | Ignore Tue Nov-29-11 04:19 PM
Original message
S&P Cuts Credit Rating on Several Large Banks
Source: CNBC

Standard & Poor's cut its credit ratings on several large banks as part of its review of the way that it calculates the ratings

Read more: http://www.cnbc.com/id/45482560



Surprised not really, this economy has been not doing well for a while

http://www.dailyjobcuts.com
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humbled_opinion Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-29-11 04:24 PM
Response to Original message
1. Exactly so what exactly is the President going to
campaign on? Tax increases in a down economy, he already rejected that last year. Defecit reduction? not happening. More Stimulus spending? Yeah right.... Cuts to entitlements? This campaign is going to be seriously destuctive in more ways than one.
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elleng Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-29-11 04:25 PM
Response to Original message
2. Couldn't happen to a better bunch,
BAC, Citi, Goldman, MorStan, WellsF.
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onethatcares Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-29-11 04:27 PM
Response to Original message
3. isn't S&P the same bunch of guys
that gave AAA+ ratings to the bundled mortgage securities?

WTF do they know now that they didn't know then?
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Demoiselle Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-29-11 04:33 PM
Response to Reply #3
4. Yup. nt.
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russspeakeasy Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-29-11 04:34 PM
Response to Reply #3
5. Have you ever watched a guy pretend he is sober in
front of a cop? That's what it reminds me of. Over the top correctness.
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OverDone Donating Member (62 posts) Send PM | Profile | Ignore Tue Nov-29-11 05:14 PM
Response to Reply #3
7. Its good show for us
Keeps us always guess at what the heck is going on
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polichick Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-29-11 04:35 PM
Response to Original message
6. The markets will love that!
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sarcasmo Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-29-11 06:13 PM
Response to Original message
8. Bad news for bankers always makes me happy.
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OverDone Donating Member (62 posts) Send PM | Profile | Ignore Tue Nov-29-11 08:57 PM
Response to Reply #8
10. Right
But I'm sure at the end of the day, we will end up paying.
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nineteen50 Donating Member (488 posts) Send PM | Profile | Ignore Tue Nov-29-11 07:05 PM
Response to Original message
9. Next up, see what those protesters did to the economy.
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