Flash: Moody's Is On A Downgrade Binge (BAC) (WFC) (C) – Big Banks Will Be Allowed To Fail

Moody's is working overtime these days. Downgrading both Bank of America (BAC) and Wells Fargo (WFC) withing minutes of each other send the financial sector into an immediate tailspin. Wait, Citigroup (C) now too. (You know… Isn't it interesting that both of these are current holdings of Warren Buffet's Berkshire? Maybe the “Buffett Plan” of [...]