Moody’s Downgrades B of A and Wells Fargo....

[dustup]

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OUCH Moody’s Downgrades Banks Chris Keane /
7. Moody’s Downgrades Banks

Next up for a credit downgrade: Bank of America and Wells Fargo. Moody’s knocked Bank of America’s credit rating down two notches and Wells Fargo’s down one. The ratings agency cited the fact that the government is less willing to bail out banks as a reason for the downgrade. The government is “more likely now than during the financial crisis to allow a large bank to fail should it become financially troubled, as the risks of contagion become less acute,” Moody’s said in a statement. Bank of America says it disagrees with Moody’s decision.
Read it at The Wall Street Journal

September 21, 2011 1:14 PM
http://www.thedailybeast.com/cheat-sheets/2011/09/21/cheat-sheet.html

[Pepsi]

It's good imo.. unless they really do fail.. they are still too big to fail and their failure could have serious negative consequences as it did in 2008.

[Observer]

NObody is "too big to fail".

[ivanm]

NObody is "too big to fail".

Maybe these shysters need to go belly up so the authorities can clean house and get on with life.   In the past few years I have had a
BofA car loan, and now I have a Chase loan, so those parasites are in better shape then we are lead to believe.  I am so glad I got loose from AG Edwards as the Wells Fargo bunch has bought them out.