Wednesday 21 September 2011

Moody’s Bank Downgrades Assailed by Analysts as ‘Too-Big-to-Fail’ Persists

Moody’s Investors Service, the ratings firm that downgraded the credit of Bank of America Corp. (BAC) and Wells Fargo & Co. (WFC), said future U.S. bailouts of financial firms are less likely. Some analysts and investors disagree. “We have not gotten beyond too-big-to-fail,” said Jason Brady ...


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