Last week Moody’s Investment Service decided to downgrade the credit rating of 15 large banking systems, which included JPMorgan Chase, Bank of America, and Goldman Sachs. Basically it limits the bank’s options to borrow money so they can use the money we put into them to, well, play the market and do pretty much anything […]

Once again, no one can be surprised by this move, after so much bad financial news and negative press. Citigroup and Bank of America got more bad news last week when their bond rating was downgraded from “stable” to “negative” by Standard & Poor. The initial outlook on both banks is that they’re still shaky, […]