Fitch smacks the gangster banks

Fitch downgrades UBS, many others, puts Morgan Stanley, Bank of America, Goldman, BNP, Deutsche Bank, SocGen and others on Watch Negative

This will have massive effects over the coming months. The game is up for the the TBTF banks who have been propped up by captured governments (like ours) and allowed to use the MSU (Making Sh*t Up) system of accounting rather than GAAP.

But no one believes them any more.