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Italian Banks Downgraded

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Italian Banks Downgraded Empty Italian Banks Downgraded

Post by dbara43 Fri Feb 10, 2012 2:52 pm

"Stocks added to losses Friday, on track to logging their worst session this year, after stalled debt negotiations in Greece, some disappointing economic news and reports that S&P downgraded a handful of Italian banks.
In the latest round of disappointment from the euro zone, ratings agency S&P downgraded 34 of 37 Italian banks, citing worries over the banking industry and economic risks in the country."

I guess 34 of 37 is a 'handful'? And so a country in this bad a shape was still able to loan Iraq $500 million USD the other day? Huh.

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Italian Banks Downgraded Empty Re: Italian Banks Downgraded

Post by Kevind53 Fri Feb 10, 2012 3:02 pm

In Italy it is ... but come one really, the stock market weenies were surprised by this? Really? I'm just surprised it took S&P this long. And Greece, I think they are holding out for Harry Potter to come along with his magic wand and "poof" their debt away.

If Greece defaults three dozen Italian banks are gonna be a drop in the bucket.

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