CNN: Moody’s downgrade of 15 banks a sign of a new recession

CNN: Moody’s downgrade of 15 banks a sign of a new recession. New recession… What happened to the Obama recovery? If you blinked recently, you probably missed it.

This post was last modified on April 12, 2021

Bonfire of the Absurdities: After 35 year career writing software for IBM mainframes, am now self-employed contractor thinking of joining a union and striking for higher wages. Cured morbid fear of heights when I learned to look at them as lengths standing on end. Uncompromising in refusal to accept browser cookies. Amateur investor who has accumulated a small fortune in the market after starting out years ago with a large one. For recreation, I run, hike, kayak and play tennis but will not consider synchronized swimming under any circumstances.

View Comments (22)

  • While I am NOT a Ron Paul fanatic, I DO believe some of his ideas have merit.
    A full, PUBLIC audit of the federal reserve and moving back to the gold and silver standard sound good to me.

    • We all have agreed that RPs fiscal policy makes sense, it's the rest of the maniacal dwarf's policies that go off the rails!

      • I'd like to think the system of checks and balances would keep him from going off the deep end. He does actually believe in the Constitution.

        • Yeah, but he can't win an election against anyone that has any charisma. Sad state of affairs and all, but unfortunately true.

          • As long as he can generate some fiscal and monetary policy influence within the GOP, he has accomplished a lot and without destroying our foreign policy. I call that a win.

          • Now, if we can just get Woody Allen, er Harry Reid out of the Senate, things can start happening.

          • Ok, how about Romney appointing him Czar of getting government off our backs, with a whole department of Constitutionalists?

          • Actually, I would be more than happy if he made RP chairman of getting rid of the Federal Reserve or anything else to do with finance, just as long as he doesn't let him touch foreign policy.

  • And so it begins again, Ole Helicopter Ben keeps on pumping, Turbo Tax Timmy keeps on lying, and congress keeps on passing bullshit. Better get ready folks, this isn't going to end well.

  • Shouldn't be long before we're told that the recession IS the recovery, because, y'know, it could've been worse.

    Did I mention that it's Bush's fault?