S&P Cuts Credit Rating on Several Large Banks

[OverDone]

Source: CNBC

Standard & Poor's cut its credit ratings on several large banks as part of its review of the way that it calculates the ratings

Read more: http://www.cnbc.com/id/45482560

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Surprised not really, this economy has been not doing well for a while

http://www.dailyjobcuts.com

[humbled_opinion]

1. Exactly so what exactly is the President going to

campaign on? Tax increases in a down economy, he already rejected that last year. Defecit reduction? not happening. More Stimulus spending? Yeah right.... Cuts to entitlements? This campaign is going to be seriously destuctive in more ways than one.

[elleng]

2. Couldn't happen to a better bunch,

BAC, Citi, Goldman, MorStan, WellsF.

[onethatcares]

3. isn't S&P the same bunch of guys

that gave AAA+ ratings to the bundled mortgage securities?

WTF do they know now that they didn't know then?

[Demoiselle]

4. Yup. nt.

[russspeakeasy]

5. Have you ever watched a guy pretend he is sober in

front of a cop? That's what it reminds me of. Over the top correctness.

[OverDone]

7. Its good show for us

Keeps us always guess at what the heck is going on

[polichick]

6. The markets will love that!

[sarcasmo]

8. Bad news for bankers always makes me happy.

[OverDone]

10. Right

But I'm sure at the end of the day, we will end up paying.

[nineteen50]

9. Next up, see what those protesters did to the economy.