CNNW Starting Point June 22, 2012
in the country this year. it spread overseas, rumors about it all day didn't happen until after the closing bell. there's the dow, down 2%. the big bank downgrades, including the biggest banks in europe, moody's saying that anybody with a lot of exposure to the credit markets, they were going to downgrade them. the banks one by one saying they disagree with the downgrades and some of the stocks are moving up a little bit. that's the bank part of it. banks are what pumps the oxygen through the financial system. when you have people worried talking about a slowing global economy, it ca...
Source: archive.org