Moody's announced last week it downgraded its ratings on four major U.S. banks to reflect the reduced chances of a government rescue in future. Do you think this will have much of an effect on the economy?
Hopefully this will lead to them running their business in an equitable and sustainable manner.
Pres. Obama will rescue his friends, no matter what. After all, his friends at the Fed are propping up these banks and Wall Street with their endless buying of junk bonds.
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