business

15 banking titans slapped with Moody's downgrade

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© 2012 AFP

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Some one please tell me, who am I supposed to p*ssed on here?

A: Moody's B: 12 Banks C: The government(s) D: God E: All of the above

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Question is, how many of these are unsolicited ratings? How much is conflict of interests?

Moody's has gone downhill from the Dunn days, practically a sham at this point.

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Hope Citibank can hang in there 'cause it's the main one I use here in Japan. It's outlets are everywhere, which makes it very convenient to use ...

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Lloyds TBS or Lloyds TSB?

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With the pseudo stimulus, we are ridding a stock inflation on cheap money but with a sluggish demand. When this will blow out, wait for a new crash and above mentioned banks will experience massive losses. I'm bullish on paper mills to print more money and food stamps.

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Moody’s released the results of two independent banking audits just days before it was due to formally request a loan from a credit line of up to 100 billion euros offered by the eurozone for banks hammered by a 2008 property market crash

So does that mean that Moody's are also in trouble? I know nowt about the finance markets other than them mucking about with exchange rates.

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An interesting fact is that Japanese banks during the bubble suffered a similar situation in 89 when they were destroyed by the bubble. It seems that their efforts to build cash and pursue conservative investments in the last two decades have paid off as of now since they are not among the 15 which have been downgraded, partially a reason why the Yen remains a odd safe haven for international financiers.

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Some one please tell me, who am I supposed to p*ssed on here? Your self, its the greed of the general populous of earth that spends money and allows governments to print monopoly money and then expects them to fix the problems that we voted them in to power to do. If they were to suggest that you are spending more than you are producing you would vote them out so they continue to keep you happy despite the situation we are all in today. Mind you it will get worse.

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Lets try that again

Some one please tell me, who am I supposed to p*ssed on here?

Your self, its the greed of the general populous of earth that spends money and allows governments to print monopoly money and then expects them to fix the problems that we voted them in to power to do. If they were to suggest that you are spending more than you are producing you would vote them out so they continue to keep you happy despite the situation we are all in today. Mind you it will get worse.

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