The Big Banks Are Back In Big Trouble…Making A Strong Case Bailouts Were A Bad Idea.

Posted: June 2, 2011 in News
Tags: ,

TWO GREAT ARTICLES THAT ARE QUICK READS ABOUT BIG BANKS STILL ACTING BADLY.

Moody’s Investors Service said it may downgrade the debt ratings of Bank of America Corp, Citigroup Inc and Wells Fargo & Co, citing concerns about waning political willingness to offer support for the largest U.S. banks. Moody\’s may cut BofA, Citi, Wells ratings

That report said that in the months leading up to the financial crisis, Goldman dumped bad mortgage exposure on unsuspecting clients and counterparties, and in some cases dragged its heels when clients wanted to close out their losing positions. NY prosecutors subpoena Goldman Sachs.

 

 

Comments
  1. […] then use the money to foreclose on homes of citizens who did not receive the same bailout (The Big Banks Are Back In Big Trouble…Making A Strong Case Bailouts Were A Bad Idea). The list could go on and on […]

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