All Commentary
Friday, June 22, 2012

Big Banks Hit with Credit Downgrades


“Already grappling with weak profits and global economic turmoil, 15 major banks were hit with credit downgrades on Thursday that could do more damage to their bottom lines and further unsettle equity markets.” (New York Times)

Another shoe drops for the government-banking cartel.

FEE Timely Classic
“Banking Without the Too-Big-to-Fail Doctrine” by Richard M. Salsman