Bad day on Wall Street as Dow drops and ratings slashed

Bad day on Wall Street as Dow drops and ratings slashed

June 22, 2012 5:46 AM

Investors are watching Wall Street after Moody's Investors Service lowered the credit ratings of 15 major banks. Bloomberg columnist Bill Cohan talks to Charlie Rose and Erica Hill. He is also the author of "Money and Power: How Goldman Sachs Came to Rule the World."

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