Low Latency Hype, Exchanges Go On Crisis Control, Dimon Talks Back, and More
6. What Risk?
I feel that Moody’s action is five years too late. […]The banking system is safer today than any time in the last 30 years. We have not seen capital levels like this since the 1930s.
— Gerard Cassidy, an analyst with RBC Capital Markets, after Moody's cut the credit ratings of 15 big banks.
Source: NY Times Dealbook.