Here are your top news headlines for this Tuesday, December 11, 2012: – Marijuana legalization low-key by design in Colorado – HSBC to pay $1.9 billion in money laundering case – Mali’s Prime Minister resigns after arrest – Investigators study Mexico plane crash that killed Jenni Rivera

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The clock ticks on toward global financial Armageddon, as Moody’s slashed the ratings of 15 large global banks late Thursday. Among the banks whose rating were lowered were Bank of America, JPMorgan Chase, and Goldman Sachs. The downgrades, which would also seem to reflect the ratings company’s concern over the uncertainty in Europe and the [...]

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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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