IPFS News Link • Economy - Economics USA
Moody's may cut BofA, Citi, Wells ratings
• ReutersMoody'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 U.S. political willingness to offer support for the largest banks.
The sweeping Dodd-Frank financial reform law is eliminating the certainty of U.S. governmental support that some "too big to fail" banks needed to survive the financial crisis, Moody's said on Thursday.
Watch Streaming Broadcast Live:
LRN.fm
DLive
Live Chat
Telegram
Telegram
1 Comments in Response to Moody's may cut BofA, Citi, Wells ratings
Unless the debt limit is raised and QE3 pumps them back up, of course. BOA: Bend over America!