Seeking Alpha
Seeking Alpha Portfolio App for iPad
Finance
(1)
Market Currents

A check of CDS prices for the TBTF U.S. banks shows Moody's roughly 9 months behind with its...

  • Friday, June 22, 2012, 2:19 PM ET
    A check of CDS prices for the TBTF U.S. banks shows Moody's roughly 9 months behind with its downgrades. The cost of insuring against default for the major lenders peaked last fall and are down again today in the immediate wake of the negative ratings action.
Track new comments on this story

This news story has 6 comments:

  •  
    What this shows is that ratings mean very little - so why "sanction" them at all?
    22 Jun 2012, 04:18 PM Reply Like
  •  
    It's like the Oscars I guess, only less entertaining.
    22 Jun 2012, 04:30 PM Reply Like
  •  
    "...Moody's roughly 9 months behind with its downgrades..."

    LOL, make that 5 years behind. Talk about a lagging indicator...
    22 Jun 2012, 05:33 PM Reply Like
  •  
    Exactly what I was going to say.

    Banks are DONE, dead money, NEXT...
    23 Jun 2012, 02:57 PM Reply Like
  •  
    yeah, anyone buying invididual bonds should hopefully do more due diligence than reviewing what rating they've been given. I mean, the entire world economy just imploded in no small part because too many people and institutions had blind faith in the ratings agencies.
    23 Jun 2012, 01:09 AM Reply Like
  •  
    If our banks were so healthy, we could go back to mark-to-market accounting. The fact that we don't tells me that there is a lot we are not seeing.
    24 Jun 2012, 02:33 AM Reply Like
LATEST|
TODAY SO FAR|
YESTERDAY
Other date
DJIA (DIA) S&P 500 (SPY)
Latest Articles on Financials
More Latest Articles »