InvestorsHub Logo
Followers 17
Posts 4452
Boards Moderated 1
Alias Born 10/16/2009

Re: NYBob post# 48301

Saturday, 06/09/2012 12:37:56 PM

Saturday, June 09, 2012 12:37:56 PM

Post# of 122337
In reply to your posted video;

Lew Rockwell: Ron Paul - Rand Paul are different -



It seems like the Republican Party will support an oligarchy that manipulates our politicians and secure the end of Capitalism and Free Trade!

Yea, if Capitalism hasn't died in 2008 the downgrade of 5 out of 6 of our biggest banks from Moodie's will take effect on Monday!
Here's a link from the NASDAQ:
http://www.nasdaq.com/article/banks-brace-for-moodys-downgrades-20120608-00782

The story is front page on the Wall Street Journal:

BY KELLY NOLAN, KIRSTEN GRIND AND ANUSHA SHRIVASTAVA

"Banks, bond issuers and investors are bracing for aftershocks from a wave of bank downgrades expected to hit the U.S. as soon as the coming week.

Moody's Investors Service has said it is likely to reduce by the end of June credit ratings for 17 large global banks, including five of the six biggest U.S. financial firms by assets. The downgrades are expected to raise borrowing costs and crimp some lucrative trading businesses at the banks, including at J.P. Morgan Chase & Co., Bank of America Corp., Citigroup Inc., Goldman Sachs Group Inc. and Morgan Stanley."

..........................................You'll have to buy the weekend edition for 2 bucks..............................



Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.