Monthly Archives: September 2012

Global Banking Insolvency Crisis Imminent

On June 21st, Moody’s finally delivered on its forewarned downgrade on 15 global banks after the close of the stock market. All but four banks were cut at least two notches, and these are some of the biggest banks in the world.  Those hit included Goldman Sachs, Morgan Stanley, Royal Bank of Scotland, BNP Paribas,  UBS, and Deutsche Bank  – financial powerhouses domestically and internationally

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