English Lessons

DIRECTIONS: Read the following and answer all the questions?
http://www.americanenglishconversation.com/
http://www.freeenglishconversation.blogspot.com/
http://www.grammar-help.blogspot.com/  
http://freeenglishlessons-denise.blogspot.com/   
Remember how bank stocks all got crushed yesterday, partly on that New York Post story about how the ultimate Foreclosuregate settlement could cost $60 billion? Well, turns out that story was wrong.
The New York Post just issued a correction on the story.:

Banks including JPMorgan Chase, Bank of America, Citigroup and Wells Fargo are ex pected to pay as much as $25 billion as part of a mortgage settlement with state attorneys general and regulators. The total amount was incorrectly reported on page 29 yesterday.

Ugh. Everybody was skeptical about that number yesterday, and now it looks like there was good reason to be.
Financials are up 1.2% in the first few minutes of trading, leading the broader market. Bank of America is up 1.4%, J.P. Morgan is up 1.7%, Citi is up 1.2%, Wells Fargo is up 2%.
Update: Financials are up 1.7% now, easily leading the broader market by a mile.
Deal Journal notes that the final settlement could still be north of $20 billion, which is more than many had originally estimated.
Moody’s just fired another shot in the growing war of words between rating agencies and Europe, this time downgrading several Portugese government-related debt issuers.
ECB President Jean-Claude Trichet, meanwhile, joined in the chorus of European officials whining about rating agencies, saying there was an “element of procyclicality” in the actions of the rating agencies, meaning generally that they’re making a bad situation worse with their belated statements of the obvious. Okee-doke.
He also said there was “no easy solution” on the influence of rating agencies. One fairly easy solution he’s already proposed is to just ignore them and keep accepting debt as collateral even if it’s junk-rated. Mr. Trichet has also been one of the officials floating the idea of forming a European rating agency to presumably be fairer to European sovereigns, meaning it would immediately lack credibility.
Moody’s, meanwhile keeps on junk-rating, hitting Portugese companies Comboios de Portugal, Parpublica-Participacoes Publicas, Rede Ferroviaria Nacional and Radio e Televisao de Portugal with downgrades to reflect Moody’s downgrade of Portugese sovereign debt to junk yesterday. All of the companies enjoy some level of government support.

Moody’s just fired another shot in the growing war of words between rating agencies and Europe, this time downgrading several Portugese government-related debt issuers?
A. TRUE
B. FALSE