BofA, Wells Fargo Cut by Moody’s ~ Move Along Nothing To See

[Copper Catcher]

Bank of America Corp. and Wells Fargo & Co. had long-term credit ratings downgraded by Moody’s Investors Service, which said U.S. support has become less likely if lenders get into financial trouble.

Citigroup Inc.’s short-term rating also was cut by Moody’s....

Read More:
http://www.businessweek.com/news/2011-0 ... pport.html

[Mossy]

I used to cash my paychecks at WF. They kept wanting me to open an account, at about 1% APR, and that's before inflation. I finally got direct deposit elsewhere so I would not need to go in there.

If anything, I would be paying them to hold my money. Ha. At least the other place is less "bankish" and the tellers are helpful. Shorter lines, too.

[Hawkeye]

It's probably because I just refinanced my mortgage with WF to a 15 year, so they won't be able to suck me dry for those extra 10 years.

[Mossy]

No, they will bundle the mortgage with a bunch of others and sell the package to some shady outfit, and they will suck you dry.