Tag: downgrade

Moody’s Downgraded Five of Six of the Biggest US Banks

Barney Frank, Ben Bernanke, Timothy Geithner Photo Credit - AP/Evan Vucci
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I thought FrankenDodd was supposed to heal the whole financial services industry and make everything better for ever and ever. I guess Moody’s didn’t get the memo, seeing that the rating agency has downgraded a number of the world’s biggest…

Fitch Warns of Future Downgrade for US

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While the politicians are playing political games and debating how much to increase the deficit, the ratings agency Fitch is considering joining S&P and downgrading the United States’ credit rating. Fitch Ratings on Wednesday warned again that the United States’…