Market Insider
A Fitch analyst warned Tuesday that US banking giants, including JPMorgan, could be at risk for a ratings reassessment if the overall industry’s score gets hit with another downgrade.
In June, the ratings agency lowered its “operating environment” score for US banks to AA- from AA, citing “downward pressure on the US sovereign rating, gaps in the regulatory framework and structural uncertainty around the normalization of monetary policy.”
That cut didn’t trigger any downgrades for individual lenders. But analyst Chris Wolfe told CNBC if the sector sees a another one-rung cut, that would lead Fitch to reevaluate ratings for more than 70 US banks, including JPMorgan. More
ain’t Bidenomics great?
c’mon you peasants! say it! …. “Great!”
get your ragged, filthy knees down in the mud & say it! … “We Love Uncle Joe! … sniff us, sniff us!”
Dystopia is only a heartbeat away … if you really want it, you can achieve it!
be warned: Soros is coming ….
https://12ft.io/proxy?q=https%3A%2F%2Fwww.zerohedge.com%2Fgeopolitical%2Fsoros-end-most-eu-operations-radical-shift
When was the US credit rating this low?
2012 Homo #44
So sad their plans got derailed for 4 years.
Just think where we would be, if they didn’t cheat the election 2020.
Planned destruction by Soros and China, aided by American billionaires, steered by a closet-homo named obama and fronted by a treasonous moron named Biden.
“downward pressure on the US sovereign rating, gaps in the regulatory framework and structural uncertainty around the normalization of monetary policy.”
What the fuck does that mean?
Seriously, that reads like some weird inside baseball-type jargon that has absolutely no meaning outside of the crew who babble that bullshit.
Al? Uncle Al? You study economics. Can you explain that?
Thanks.
mortem tyrannis
izlamo delenda est …
Our overlords won’t let us vote our way out of this, voting is rigged now officially in the dark.
With your permission, Tim, let me try:
“downward pressure on the US sovereign rating, gaps in the regulatory framework and structural uncertainty around the normalization of monetary policy.”
“downward pressure on the US sovereign rating” – our money isn’t worth the paper it’s printed on.
“gaps in the regulatory framework” – some people and institutions are getting away with stuff we don’t approve of.
“structural uncertainty around the normalization of monetary policy” – no one knows what the fuck happens next or how to avoid collapse of the dollar as the World’s Reserve Currency.
“downward pressure on the US sovereign rating” – The dollar is falling against foreign currency.
“gaps in the regulatory framework” – The Bidens have been getting away with just about everything.
“structural uncertainty around the normalization of monetary policy” – We don’t know what the Bidens will pull next, and how much of a cut they will demand.
Thank you General Malaise and Ghost of Burner.
It made no sense to me, but youse guys has let in some sunshine.
mortem tyrannis
izlamo delenda est …