CNN: Moody’s downgrade of 15 banks a sign of a new recession

from Hot Air by Ed Morrissey:

CNN: Moody’s downgrade of 15 banks a sign of a new recession:


"That means jobs in this country are not going to grow."

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Late last night, Moody’s hammered 15 of the world’s largest banks with ratings downgrades, including US firms like JP Morgan Chase, Citibank, and Bank of America.  The best one can say about it is that it could have been worse, as the downgrades everyone knew were coming ended up being milder than some had predicted: [...]

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