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Wolf Blitzer delivers the most important breaking news and political, international, and national security stories of the day. Tune to The Situation Room weekdays 5-7pm ET on CNN.
June 22nd, 2012
11:15 AM ET
Moody's bank downgrade: What it means
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
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The Situation Room with Wolf Blitzer is the command center for breaking news, politics and extraordinary reports from around the world. Tune in weeknights from 5-7pm ET on CNN.
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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.