We read this online and cringed because the credibility of so called “experts” in the last few years has been decimated by facts refuting their claims and many of the so called conspiracy theories have been proven true.In addition much of what Trump claimed has also reluctantly been proven true.The Russian disinformation BS with the FBI agent pleading for lying about it just happened this week.

This does not look good for the economy moving forward. Not so much because of the individual downgrades to certain banks noted here, but because coupled with current Federal Reserve directives mandating higher capital reserves for banks over 100B in assets which many of these are, it forces banks to reduce lending on all fronts which is NOT GOOD for economy.

Moody’s Cuts Credit Ratings on 10 Banks; Places 4 of the 15 Largest Banks in U.S. on Review for Possible...