BofA, Wells Fargo Cut by Moody’s ~ Move Along Nothing To See
Posted:
Sat Sep 24, 2011 6:50 amby 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
Re: BofA, Wells Fargo Cut by Moody’s ~ Move Along Nothing To
Posted:
Sat Sep 24, 2011 10:24 amby 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.
Re: BofA, Wells Fargo Cut by Moody’s ~ Move Along Nothing To
Posted:
Sat Sep 24, 2011 10:48 amby 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.
Re: BofA, Wells Fargo Cut by Moody’s ~ Move Along Nothing To
Posted:
Sat Sep 24, 2011 11:02 amby 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.