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> Moodeys Downgrades Three Major Banks
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Posted: 21-Sep-2011, 03:10 PM
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Group: Celtic Nation
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Moodys just announced the downgrade of Bank of America, Citi Bank and Wells Fargo.

Their stocks fell 50%, 50% and 30% respectively.

It certainly does look bad, especially since Moodys specificaly stated that BOA is NOT too big to fail!



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