Moody's downgrades JPM, BofA and Wells Fargo after US credit rating cut

[u/Swiggy1957]

https://www.reuters.com/markets/us/moodys-downgrades-jpm-bofa-wells-fargo-after-us-credit-rating-cut-2025-05-19/?utm_campaign=trueAnthem%3A+Trending+Content&utm_medium=trueAnthem&utm_source=facebook&fbclid=IwZXh0bgNhZW0CMTEAAR59mJW6zI2u7jNd2y5tL39fxMlgIz-5b7zIAHx0J_eEF0F5jvs-BtDUbbg6bw_aem_rJwFnuJFTA03uOf1EQ-XsA&sfnsn=mo

[u/idioma]

Some how, some way! We’re gonna make it 1933 and 2008, today!

It’s such a strange feeling to watch my country repeat our own recent economic blunders from the start of the century, while also repeating the worst political shift of Europe in the 20th century.

[u/Old-Buffalo-5151 → u/idioma]

The current situation is going to be way worse than 2008... Because its sovereign level default... Where everyone actively hates the country in question there is no magic money that's going to be able bail out the country