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Moody's puts the debt of Bank of America (BAC), Citigroup (C), and Wells Fargo (WFC) under...

Moody's puts the debt of Bank of America (BAC), Citigroup (C), and Wells Fargo (WFC) under review for possible downgrade. The agency says the Dodd-Frank bill makes major government support less likely even as the lenders' mortgage exposure remains high. All three banks are down more than 1%.
Comments (2)
  • drekon
    , contributor
    Comments (181) | Send Message
     
    Dodd-Frank, more brilliance from this administration.
    2 Jun 2011, 10:06 AM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (4540) | Send Message
     
    Yesterday they come up wiht the "revelation" about Greece, (comical)now they are puting these banks under review ? Their "Timing" suggests an "agenda" or they are run by cartoon characters. I suspect both.

     

    They have run the "fear" gauge to the upper end of scale, use weakness here in BAC ($11.18) & WFC ($26.50) to scale in to a position.

     

    Long BAC - may initiate position in WFC in the next 48 hrs.
    2 Jun 2011, 10:25 AM Reply Like
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