Take it to the Bank(s)
“I believe that banking institutions are more dangerous to our liberties than standing armies.” — Thomas Jefferson
Hey, Risers!
No Deposit, No Return
A ratings agency downgraded 10 banks, and threatened downgrades for six more, which dampened investors’ moods, despite improving inflation data. The news came hot on the heels of last week’s downgrade of government debt, exacerbating concerns in the financial markets.
Meanwhile, China’s economy is in freefall. Bank lendi…
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