Home › Forums › Financial Markets/Economics › Moody’s Downgrades Bank of America
“Moody’s Corp on Wednesday cut the debt ratings of Bank of America Corp, Wells Fargo & Co and Citigroup Inc, three of the largest U.S. banks, on worries the government would be less likely to support a large lender if it got into trouble.”
http://www.huffingtonpost.com/2011/09/21/moodys-downgrades-bofas-credit-rating_n_974077.html
But it’s the bank OF America. Doesn’t America have to rescue it?
We are entering phase II of the Debtocalypse.
Nice little drop in BAC just now (from -4.6% down to 7.6% down in a very short time).
I’m a little mad at myself for not getting a screenshot of BAC at 6.66. It would have made an amusing desktop.
they should just shut down BAC, given how they treat customers i’m sure nobody would miss it!
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