Tag Archives: Moody’s

A report released on Monday states that U.S. state and local governments have more than $2 trillion in unfunded pension liabilities.

The day of reckoning looms: A report released on Monday states that U.S. state and local governments have more than $2 trillion in unfunded pension liabilities.

Worse, the report notes that this number is three times higher than the number reported by those same state and local governments.

The Dodd-Frank downgrade.

The Dodd-Frank downgrade.

What comes through in the Moody’s assessment [the credit-rating downgrade of 15 banks] and in any review of their returns on equity is that banks have lost significant ability to generate earnings to offset the inevitable losses. The lost earnings power is surely due in part to reduced leverage, which helps protects taxpayers.

But 2,300 pages of Dodd-Frank and countless other federal efforts to put sand in the financial gears are also taking their toll. The Obama tax and regulatory frenzy, of which Dodd-Frank is a part, weighs on economic growth. Those are our words, not Moody’s, but the rating agency does note that the abysmal economic environment is a drag on ratings for everyone.