Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (117517)	7/26/2012 4:45:18 PM
From: RetiredNow	Read Replies (1) \| Respond to of 149317

Where do you think the perception of Germany's deep pockets come from? I'll tell you. There is a perception that Germany's banks are in better shape relative to their peers in Europe. But is that truly the case? You judge for yourself. If Germany's banks are in trouble, then who will lend to the other troubled countries in Europe? ------------ Moody's lowers outlook for 17 German banks MOODY'S has downgraded the outlook for 17 German banks after a similar move against the government's credit rating earlier this week. Moody's on Wednesday cut the outlook on a swathe of state-backed regional banks, known in Germany as landesbank, but also included IKB Deutsche Industriebank and Deutsche Postbank. Many of the landesbank have struggled since the 2008 financial crisis and amid Europe's ongoing economic crisis, which has seen growth slow. Moody's noted that several of the banks held debt that was guaranteed by the German central or regional governments. It warned more downgrades could come if there was a "further deterioration of the creditworthiness" of the Germany's central or regional governments. "Today's action follows Moody's decision to change the outlooks on the German sovereign and sub-sovereign ratings to negative from stable," Moody's said in a statement. On Monday, Moody's cut Germany's ratings outlook from "stable" to "negative," citing exposure to European financial woes and the possible cost of more bailouts. That was the first step toward stripping Germany of its coveted AAA credit rating, a stark warning that no one, not even Europe's largest economy, is immune from the eurozone's rolling crisis. Read more: news.com.au