The global, financial time bomb continues to tick as today, Standard and Poor‘s adjusted the credit ratings of several big banks after applying new criteria to the world’s 37 largest financial institutions. Among those to suffer a ratings cut: Bank of America, Citigroup, Goldman Sachs, Morgan Stanley, Wells Fargo, and JPMorgan Chase. Ratings for Bank [...]
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Here are your top stories for Sunday, August 7, 2011: – S&P downgrades U.S. credit rating – 31 U.S. Troops killed in Afghanistan – Warren Jeffs boycotts sentencing – Italians staying put this summer
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Is this the beginning of the end of the American republic? A Chinese ratings house has is already accusing the United States of defaulting on its massive debt. The accusation comes just one day after Beijing urged government officials to get their financial act together, so to speak. “In our opinion, the United States has [...]
Continue reading " Beginning of the End? China Ratings House Says U.S. Already Defaulting "
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