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CNN's Ali Velshi talks to Wolf Blitzer about what it really means for account holders amid the recent Moody's downgrade.
RELATED STORY: Major banks downgraded by Moody's
Business load are going to be very to get because of the down grade, underwriting will be hard on all loans, slowing down the economic more down more and creating more unemployment.
There is never any good news associated with downgrades. Its bad news, and usually an indicator that more bad news is to follow. Thats been my experience.
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