Cloud of Uncertainty Over Entire U.S. Financial System

Standard & Poor's downgraded all big U.S banks, in a lowering of credit ratings that hit 37 financial institutions worldwide. Banks including JP Morgan Chase went from A+ to A; Goldman Sachs, Bank of America, Morgan Stanley and Citigroup were downgraded from A to A-. This Marketplace Morning report looks at how the European debt crisis played into the downgrades and its potential impact on the world's financial system. Melanie Rodier has worked as a print and broadcast journalist for over 10 years, covering business and finance, general news, and film trade news. Prior to joining Wall Street & Technology in April 2007, Melanie lived in Paris, where she worked for the International Herald ... View Full Bio