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It's also feared the downgrades could trigger fresh market panic, and a new exodus to gold.

By: capt_nemo in ROUND | Recommend this post (0)
Tue, 26 Jun 12 10:19 AM | 33 view(s)
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Bank downgrade shocker aims to plant fear & panic
By: portos
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ECONOMY
VIDEO

Fifteen of the world's largest banks have been rocked by credit score downgrades, with rating agency Moody's delivering on what it had long promised to do. Those hit include Goldman Sachs, Morgan Stanley, Bank of America, Bank of Scotland and Deutsche Bank - financial powerhouses domestically and internationally. The move could make it harder for them to keep existing clients, or attract new ones and their money. It's also feared the downgrades could trigger fresh market panic, and a new exodus to gold. For more on the possible repercussions, RT talks to Charlie McGrath, economic blogger and founder of the website 'Wide Awake News'.
http://revolutionarypolitics.tv/video/viewVideo.php?video_id=19256




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Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.


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