Updated on September 20, 2012
On record so far at www.thomas.gov
Title: Federal Reserve Transparency Act of 2011
Sponsor: Sen Paul, Rand [KY] (introduced 1/26/2011)
Latest Major Action: 1/26/2011 Referred to Senate committee.
Status: Referred to the Committee on Banking, Housing, and Urban Affairs.
Sen DeMint, Jim [SC] – 1/26/2011
Sen Vitter, David [LA] – 1/26/2011
Sen Lee, Mike [UT] – 3/1/2011
Sen Hatch, Orrin G. [UT] – 5/24/2011
Sen Boozman, John [AR] – 5/24/2011
Sen Heller, Dean [NV] – 6/22/2011
NEW YORK (AP) — Moody’s Investors Service has lowered the ratings of some of the world’s largest banks, including Bank of America, JPMorgan Chase, Citigroup and Goldman Sachs.
The ratings agency said late Thursday that the banks were downgraded because their long-term prospects for profitability and growth are shrinking.
Below, a summary of the major ratings action taken.
Cut One Notch:
HSBC downgraded to Aa3 from Aa2
Lloyds TSB downgraded to A2 from A1
S&P 500 e-mini futures closed at their day-session lows, below yesterday’s day-session lows, and heading for overnight lows rapidly – once again giving up some decent early gains amid much heavier volume into the close. Markets were a mess today. Risk-assets in general had thehighest intra-correlation in a long-time – with FX, credit, rates, curves, and stocks moving in almost lockstep all day (up then down). Equities were smashed left, [...]