The Bear Market Economics Phenomenon

“The Bear Market Economics Phenomenon” is an observation of Political Economics. Wall Street Admits: ‘We Got Rich Off the Backs of Workers’ thus creating the Bear Market. The Bear Market is America's default war. The ethic of Wall Street is the ethic of celebrity. It is fused into one bizarre, perverted belief system and it has banished the possibility of the country returning to a reality-based world or avoiding internal collapse. A society that cannot distinguish reality from illusion dies.

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Wednesday, February 10, 2010

Citigroup and Bank of America May Lose Credit Ratings

Citi, BofA May Lose Credit Ratings

Citigroup and Bank of America may be "too big to fail," but the credit agencies aren't counting on another bailout: Standard & Poor's warned on Monday revised its outlook for the two banks from stable to negative, meaning there's a one-in-three chance it will downgrade their credit ratings over the next six months to two years. The impetus is fears that, with financial regulation coming, the U.S. will be less willing to bail the banks out when the next crisis comes rolling around.