CHESSNOID

I missed the blurb about Moody’s cutting American Express’ credit rating yesterday, but I think it is karma coming back to bite Amex.  They cut peoples credit lines and now Moody’s may be cutting their credit rating. Ironic!
The New York-based company is under review to have its A1 rating lowered by one [...]

Today, the banks wanted to give investors back money because they were sued by different state attorney generals for fraud or misrepresentation. The banks don’t want to admit any wrongdoing and have basically settled by paying their way out.
Citigroup to Buy $7.5 Billion of Auction-Rate Debt, Pay $100 Million Fine
Citigroup neither admitted nor denied [...]