Barney Frank is on Cavuto (this am FOX Business block, taped yesterday) trying to explain if there is a Federal statue to require investment services to hold only AAA investments, a real ‘who’s on first’ moment as Cavuto cannot get him to simplify his point
Cavuto still fears everyone will drop their securities if they are not AAA
Another Cavuto guest, Wis Gov Scott Walker says #1 issue is whether they get the debt under control
Barney Frank is an evil man
>>Cavuto still fears everyone will drop their securities if they are not AAA.<<
A lot of brokerages have rules that they cannot invest in anything lower than AAA.