Big Banks Down Graded By Moody's

[Robert Goren]

For those of you who were foolish enough to think that the big banks were good shape after listening to Jamie Dimon explain the JPMC trading loses, here a little piece of news that ought to get to rethink your position.
http://online.wsj.com/article/SB10001424052702304441404577480751440488004.html

[Saratoga_Mike]

And why would you hold Moody's in high regard? The same Moody's whose housing model NEVER contemplated housing prices going negative nationally. Egan Jones is the only ratings firm worth listening to, imo.

[Valuist]

All the banks that were downgraded are UP in early trading. Moody's: always late to the party.

[plainolebill]

Hard to pick which is scummier - the big banks or rating agencies. Hmm.