Nina Eichacker, an economics professor at the University of Rhode Island, says the downgrade speaks to a “growing disparity between an administration that talks about wanting to reduce the debt and then pursues policies that do anything but.”
A significant portion of NYCB’s $252 million in losses last quarter came from losses on commercial real estate loans–a revenue source for other regional banks as well.
French bonds fell today in the wake of Moody's downgrading the nation's credit rating. So is the second largest economy in Europe shrugging its collective shoulders? Non!