'Bank downgrade "shocker" aims to plant fear & panic'

Fifteen of the world's largest banks have been rocked by credit score downgrades, with rating agency Moody's delivering on what it had long promised to do. Those hit include Goldman Sachs, Morgan Stanley, Bank of America, Bank of Scotland and Deutsche Bank - financial powerhouses domestically and internationally. The move could make it harder for them to keep existing clients, or attract new ones and their money. It's also feared the downgrades could trigger fresh market panic, and a new exodus to gold. For more on the possible repercussions, RT talks to Charlie McGrath, economic blogger and founder of the website 'Wide Awake News'.

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• Category

  News & Politics

[IncrediblyRacist]

"The Holocaust" is a story that you "believe" as a child believes a fairy tale.

[Gizziiusa]

Cant hide it now. Its official, we are in a global collapse. buckle up !

[Ellinon Enosis]

How about leaving those who died in peace ? and start talking about the Palestinian massacre YOU are performing from 1946 till now ? huh ? I say YOU should all be killed for the Palestinian holocaust FREE PALESTINE !

[IncrediblyRacist]

Ya' got proof for all six million? You do not. Even the Yad Vashem director once said that at least half of all accounts were false. Check out the plaques at Auschwitz? Downgraded from "4 million" to "1 1/2 million". This counts, no?

"Six Million" is a MYTH. A fairy tale.

[andr01d1]

A story backed by an amazing collection of independently confirmed facts and evidence.

[stargate669]

I am Jewish and you must be killed immediately for saying the Holocaust is just a story. Yes, it is true there were not 6 million Jews and yes it is true most of those in death camps were from local areas and non-jewish, yes companies like IBM and many respectable American/German corporations made their money from these death camps. However, if you say the holocaust is a scam we'll be looked as racists, murderers and psychopathic deceivers. So, please keep quiet ok?

[imeanlive]

The Zimbabwe school of economics....

[12345enterhit]

Fair enough my friend

[zorbatheok]

Oh I believe its over however who exacctly is pulling the strings is another story and Russia Today (hahaha) can spin a story like the harlem globe trotters can spin a basketball. Its all certainly manufactured.

[becij13]

lol...i think youve taken me the wrong way, i wasnt criticizing i was genuinely askin your opinion as you seemed to understand things like long and short.

[preparadox]

they totally deserve the downgrade, fear of it is just more 'too big to fail" crap...if they are failures, they need to be permitted to fail...then decent banks will come up in their place, or fail also. If we don't take the reins here, we deserve whatever we get. I wish more people would snap to so we could embark on a new system without big money or gov. barter, chits, whatever, inconvenient for a bit maybe, but value for value finally. I hope they do all fall on their asses. bout time.