Volcker Rule | The Daily Capitalist

Moody’s: Too Much Risk

After the shock wore off from Moody’s announcement of its new ratings for the Big Banks, only two U.S. megabanks now have an “A” rating, and just barely.

As you can see from the above chart, JPM went down two notches to A2 and Goldman was down two notches at A3 (lowest A rating).

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Bankers Plead; Will The Fed Shrug?

We’ll never be able to stop crony capitalists as long as we continue with our present system. This report of a Wednesday meeting at the NY Fed is not the first one and no doubt will not be the last:

Goldman Sachs Group Inc. Chief Executive Lloyd Blankfein, J.P. Morgan Chase & Co. CEO James Dimon, Bank of [...]