Press Releases

Frank Responds to Moody’s Downgrade of Citigroup, Wells Fargo and Bank of America

f t # e
Washington, DC, September 21, 2011 | comments

WASHINGTON – Congressman Barney Frank, Ranking Member of the House Financial Services Committee, today released the following statement in response to the news that Moody’s Investor Service has downgraded Bank of America, Wells Fargo, and Citigroup

share: f t

Congressman Barney Frank, Ranking Member of the House Financial Services Committee, today released the following statement in response to the news that Moody’s Investor Service has downgraded Bank of America, Wells Fargo, and Citigroup

“I can’t comment on the absolute value of Moody’s ratings, but I am pleased that the rating agency recognizes that such large institutions are not “too big to fail.”
 

###

f t # e



Subscribe for Updates

Twitter Feed