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Moody's has slashed the ratings of fifteen of the biggest banks in
Europe and the U.S. in the latest slap in the face to the ailing
financial sector. Those hit include Goldman Sachs, Morgan Stanley, Royal
Bank of Scotland and Deutsche Bank - financial powerhouses domestically
and internationally.
The move could make it more expensive for the banks to attract funds. It's also feared the downgrades could trigger fresh market panic, and a new exodus to gold. Max Keiser, from the International Economic Forum in St. Petersburg..
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The move could make it more expensive for the banks to attract funds. It's also feared the downgrades could trigger fresh market panic, and a new exodus to gold. Max Keiser, from the International Economic Forum in St. Petersburg..
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Chris Powell, Secretary & Treasurer of Gold Anti-Trust Action Committee says central banks are manipulating gold markets
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