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S&P fallout: Fannie and Freddie downgraded
CNN Money ^ | 8-8-11 | Charles Riley

Posted on 08/08/2011 7:50:32 AM PDT by STARWISE

Credit rating agency Standard and Poor's on Monday downgraded the debt of mortgage finance giants Fannie Mae and Freddie Mac. The downgrades to AA+ are part of the continued fallout from the agency's decision to drop U.S. sovereign debt to AA+, an unprecedented move that rattled investors and sparked concern over the long-term impact of the action

It was widely expected that S&P's downgrade of U.S. debt would roll downhill to other entities that are closely linked to the federal government.

(Excerpt) Read more at money.cnn.com ...


TOPICS: Breaking News; Business/Economy; Extended News; Government; News/Current Events
KEYWORDS: 0chicongo; barackalypsenow; buffettmadeakilling; buffettownsmoodys; calamity; chicongo; debtceiling; debtmanwalking; downgrade; economy; fanniemae; freddiemac; obama; obamageddon; obamarigged; onthedownlow0bama; ratingsdowngrade; warrenbuffett2008
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To: shield

DOW -634...


61 posted on 08/08/2011 3:23:11 PM PDT by Dubya-M-DeesWent2SyriaStupid! (S&P wasn't worried about us not lifting the debt ceiling - they are worried about the spending)
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To: Dubya-M-DeesWent2SyriaStupid!

And we thought the feds would keep the market from tanking this much...


62 posted on 08/08/2011 3:25:39 PM PDT by shield (Rev 2:9 Woe unto those who say they are Judahites and are not, but are of the syna GOG ue of Satan.)
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To: Liz

Good post.


63 posted on 08/08/2011 3:29:23 PM PDT by BlatherNaut
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To: STARWISE

Couldn’t happen to more deserving organizations.


64 posted on 08/08/2011 3:35:19 PM PDT by Jeff Head (Liberty is not free. Never has been, never will be. (www.dragonsfuryseries.com))
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To: STARWISE

obama’s sinister plan is right on schedule.


65 posted on 08/08/2011 3:41:10 PM PDT by left that other site (Psalm 122:6)
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66 posted on 08/08/2011 3:58:10 PM PDT by devolve (. . . . . . . . . . . . Fat & Furious - Burger & Fries Queen*s 1700+ calorie lunches . . . . .)
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To: shield

And, if .. PLEASE God .. there ARE elections.


67 posted on 08/08/2011 4:00:28 PM PDT by STARWISE (The overlords are in place .. we are a nation under siege .. pray, go Galt & hunker down)
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To: ichabod1
I hear you I had bad blood pressure for the first time ever when I was at the doctor today. I am not even going to go on any site besides FR because atleast JR and the mods zot the trolls as fast as they show up.

I have never been more angry in my life and I see people around me completely stupid. They can name the cast of Jersey Shore or Glee but couldn't tell you a thing about the debt.

68 posted on 08/08/2011 8:20:20 PM PDT by Dengar01 ("Liberalism is a Mental Disorder" - Dr. Michael Savage)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...

Thanks STARWISE.


69 posted on 08/08/2011 8:30:01 PM PDT by SunkenCiv (Yes, as a matter of fact, it is that time again -- https://secure.freerepublic.com/donate/)
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To: ichabod1

You obviously never spent time on the Eats - West German border.


70 posted on 08/08/2011 9:26:26 PM PDT by jospehm20
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To: STARWISE

All because of the tea party, right?


71 posted on 08/09/2011 12:31:34 AM PDT by ari-freedom (It's time for Obama to get a downgrade.)
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To: STARWISE

S&P ratings are a bit of a joke. These are the same guys who kept saying that the worthless bundled mortgages that Wall Street all over the world were AAA. They have a full share of the blame for the worldwide financial meltdown.

Not to say the US isn’t in bad shape, but who cares what these losers have to say about it?


72 posted on 08/09/2011 6:33:47 AM PDT by juno67 (a)
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To: Dengar01

I told a guy today that I was sorry, I considered him a friend and I wouldn’t want to see it happen to him, but when we take back over there are going to have to be a LARGE number of people locked up, many of them indefinitely, and I didn’t want to see him be one of them.

I was in Home Depot the other day and needed some wire cut. The guy says he has what I needed but kept fussing with a couple of spools of wire instead of moving the big automated vending machine track to get mine down. I’m standing there patiently and he says out of the blue, “this is going to be the problem with living under socialism.” I said, what? He said, it’s like if you have two cars and one’s going 5 mph and the other is going 100 and you put’em on the freeway. It ain’t gonna work.

So, I’m still going what? And he says, You are the customer, you need some wire. But you see I’m not getting you your wire, I’m still messing with this other spool. And I’m messing with this spool because the guy at 5:00 last night couldn’t be bothered to do his job right and wrap the wire back up after he cut some. And that’s socializm.

We had a long talk after that. Turned out to be retired Navy, had a little different work ethic than most of his colleagues now. He’ll be running that store in a year I bet.


73 posted on 08/09/2011 3:02:30 PM PDT by ichabod1 (Nuts; A house divided against itself cannot stand.)
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August 8 - a date to remember.

http://www.freerepublic.com/focus/news/1093779/posts?page=58#58


74 posted on 08/26/2011 8:36:45 PM PDT by potlatch (The landlord is in place,...... and the lease may soon expire.....)
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