Standard & Poor's has cut ratings on 18 U.S. banks.
Four of them, including
Huntington(HBAN) were reduced to junk credit
ratings. The ratings agency commented that loan losses could
continue to grow and exceed current expectations. Increased
regulatory risk was also cited as reason for concern.
Wells Fargo(WFC),
Regions Financial(RF) and
Capital One(COF) were among those who saw their
credit ratings reduced.
I think those stress tests were WAY too leanient......we're
heading for at best a double dip recession/stagflation.....that is
unless the Chineese/Russians decide to throw us under the
bus...
this Japaneese bearer bond thing really has me going...from
everything I've read they are real...or GREAT forgeries...that
would be 33% of all the US bonds Japan holds...could they be
secretly trying to dump them??
Did you read the article by Karl Denniger where he makes the
very valid point that it would be silly to forge a 500 million
dollar bond as no one would pay up for it without authenticating
it?
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Bank Downgrade
Posted by kevin on 17th of Jun 2009 at 01:53 pm
Standard & Poor's has cut ratings on 18 U.S. banks. Four of them, including Huntington(HBAN) were reduced to junk credit ratings. The ratings agency commented that loan losses could continue to grow and exceed current expectations. Increased regulatory risk was also cited as reason for concern. Wells Fargo(WFC), Regions Financial(RF) and Capital One(COF) were among those who saw their credit ratings reduced.
Long FAZ
Stress Tests
Posted by dylan398 on 17th of Jun 2009 at 02:24 pm
I think those stress tests were WAY too leanient......we're heading for at best a double dip recession/stagflation.....that is unless the Chineese/Russians decide to throw us under the bus...
this Japaneese bearer bond thing really has me going...from everything I've read they are real...or GREAT forgeries...that would be 33% of all the US bonds Japan holds...could they be secretly trying to dump them??
Did you read the article
Posted by Vida on 17th of Jun 2009 at 02:28 pm
Did you read the article by Karl Denniger where he makes the very valid point that it would be silly to forge a 500 million dollar bond as no one would pay up for it without authenticating it?