from Yahoo finance: Dow-Jones drops 300 points, BofA, Citi, Wells Fargo downgraded by Moody’s

Posted on | September 21, 2011 | 1 Comment

Fed’s Operation Twist Isn’t Much to Shout About– Daniel Gross, Y! Finance

In a widely anticipated move, dubbed Operation Twist, the Fed is pledging to sell some $400B in short-term government bonds and use the proceeds to buy government bonds that mature in 6-30 years. The effect?

• Stocks waver after Fed decision to buy bonds– AP
• Moody’s cuts BofA, Wells Fargo and Citi ratings– AP
• HP board meeting to consider CEO change– Reuters
• Warren Buffett to headline Obama campaign event– Reuters
• Zillow’s Humphries: How to fix housing– The Daily Ticker
• Could Apple become a Dow component?– Breakout
• 22 more banks exit TARP, repay $406M– Daniel Gross
• Greek government announces new austerity measures– AP
• SEC charges ex-Goldman employee with insider trading– Reuters

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