iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,471 Blog Posts

Flash: Moody’s Downgrades Spain to AA2 from AA1, Outlook Negative

Lo and behold, the tea bags over at Moody’s now cite a negative outlook, due to Spain’s lack of money. Just 3 months ago they said “outlook stable.” Moody’s believes the cost to restructure Spain’s abysmal banking system will cost much more than projected. Hence, they’re all bearish and shit now.

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6 comments

  1. WTF

    No problemo. ECB will lend them money and it’ll be tip-top again. But we can play this oncoming wave nicely.

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  2. Taco

    US dollar safe haven trade starting tomorrow. Stocks go down in a big way.

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  3. bloomberg

    You Blogging every 4 hours or so is deteriorating the quality of this BLOG and its information. Unless you relinquished your post of King of this domain to a babbling fool from CNBC.
    stop flip flopping and stick to your time travel talents.

    Damn!!! You behaving like someone short on Prozac!

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