S&P To Warn Of Downgrades For All Of Eurozone: Officials

Monday, December 5, 2011 S&P To Warn Of Downgrades For All Of Eurozone: Officials NEW YORK - Standard & Poor's is expected to announce later on Monday that it may downgrade the credit ratings of all 17 euro zone countries, two EU officials told Reuters. The sources confirmed earlier reports that said S&P was preparing to place all the euro-zone countries --including those with top-tier AAA-ratings such as Germany and France -- on credit watch negative, which normally means a chance of downgrade within three months. 'SYSTEMIC': Ex-Countrywide Executive Says Mortgage Fraud Was Commonplace Income Inequality Rising In Most Wealthy Countries: Study Morgan Stanley Financial Officer: Raise Taxes On The Rich Soros: Financial System In 'Process Of Disintegration' After Post-Recession Slowdown, Credit Card Use Ticking Back Up BLOG POSTS Dean Baker: The Stop Online Piracy Act: Class War in Cyberspace The Stop Online Piracy Act (SOPA) would place an enormous burden not just on Internet giants like Google and Facebook, but any website that allows people to post content or includes links to other sites. Alan Grayson: The Fed Bailouts: Money for Nothing A GAO investigation into the Fed documents Wall Street bailouts that dwarf the $700 billion TARP, and everything else you've heard about. All this is something new, very new. The Fed was allowed to pick winners and losers. Mike Lux: 2012 and the Big Banks The president needs something big to establish his cred as tough on Wall Street. But fortunately, the thing he needs is right in front of him: the settlement talks with the bankers. Mohamed A. El-Erian: Prepare for a Different Financial Landscape With the European crisis continuing to dominate the news, many people now realize that today's global economy faces an unusually uncertain outlook. Al Norman: Occupy Wall-Mart: Save America. Live Better. The encampments against corporate greed in the financial districts of America could just as well have appeared outside of Wal-Mart headquarters in Bentonville, Arkansas. There is no better example of corporate exploitation in the world.

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