Six Canadian banks get a one-notch downgrade from Moody's as high levels of consumer debt and bubbly housing prices leave the lenders "more vulnerable than in the past." The agency also notes banks' reliance on "confidence-sensitive wholesale funding, which is obscured by limited public disclosure." Among those cut: BMO, BNS, CM, TD. [View news story]
"Yet Moody's refuses to downgrade the U.S. credit rating, and dragged its feet downgrading U.S. banks prior to the last crisis."
They are protecting Obama. Anything for Obama.
If a Republican was in office, we'd be junk-bond grade by now. Which we deserve after Obama (and Bush) added mountains of debt to the federal deficit.
Six Canadian banks get a one-notch downgrade from Moody's as high levels of consumer debt and bubbly housing prices leave the lenders "more vulnerable than in the past." The agency also notes banks' reliance on "confidence-sensitive wholesale funding, which is obscured by limited public disclosure." Among those cut: BMO, BNS, CM, TD. [View news story]
They are protecting Obama. Anything for Obama.
If a Republican was in office, we'd be junk-bond grade by now. Which we deserve after Obama (and Bush) added mountains of debt to the federal deficit.