Moody's Downgrades Three Major Banks

Wednesday, September 21, 2011 Moody's Downgrades Three Major Banks Moody's Corp on Wednesday cut the debt ratings of Bank of America Corp, Wells Fargo & Co and Citigroup Inc, three of the largest U.S. banks, on worries the government would be less likely to support a large lender if it got into trouble. Fed Launches Plan To Abate Labor Market's 'Continuing Weakness' GM Labor Deal Falls Short For Some Labor Advocates American Dream Still Includes Home Ownership, But Not McMansions Mega Retailer Discriminated Against Minority Job Seekers: Feds Companies Where Employees Are Losing Hope BLOG POSTS Robert Greenwald and Derrick Crowe: Lockheed Martin's CEO Wants Your Social Security Check Military contractors are crying crocodile tears right now about the "fragility" of their industry. But in fact that industry is flush with cash, and will do or say anything to protect the one thing they care about above all else: profit. Charles Gasparino: Wall Street: In the Dumps Wall Street's foul mood is all about money: Three years after the collapse of Bear Stearns and Lehman, and the taxpayer-financed bailouts of Citigroup, Bank of America, Morgan Stanley, Goldman Sachs and JP Morgan, it isn't allowed to return to old ways of making money. Jane White: Six Reasons Why Both Political Parties Are "Econitwits" How are we going to get unemployed Americans back to work? The GOP wants to lower taxes and decrease regulation because it thinks we're stifling innovation. The Dems want to spend tax dollars on infrastructure and other public works projects. Ray Leach: Is The Startup America Initiative Moving Fast Enough? While I do wish that the macroeconomic situation in the country wasn't making it so hard for the Startup America initiative to generate outcomes more quickly, I actually couldn't be more impressed with the speed and the implementation of the White House's program. Gary Liberson, PhD: Buyer Behavior and Daily Deal Sites If you are interested in IPOs, then you must be wondering if the daily deal sites are a sustainable business. Perhaps more to the point, you should be wondering how Groupon could be worth $6 billion?

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