S&P downgrades Freddie Mac & Fannie Mae

**rose grl:)** · 03-12-2012, 06:07 AM

Breaking news, no info yet.

**mitchellg103** · 03-13-2012, 04:58 AM

Freddy and Fanny should be downgraded to "Out of business".

**harlequinromance345** · 03-13-2012, 12:22 PM

http://money.cnn.com/2011/08/08/news/economy/sp_rating_ripple_effect/

**sr10** · 03-13-2012, 02:01 PM

Good. Barney Frank neeRAB to go down with the ship.

**mumakto4++3angels** · 03-14-2012, 03:54 AM

It would make no sense for the government funded entitities to have a better rating than the government that funRAB it. Going further, it doesn't really make sense for any American based company to have a AAA rating any more.

03-15-2012, 04:46 AM

"S&P also cut ratings for several of the main arteries of the US financial system—the Depository Trust Co. National Securities Clearing Corp., Fixed Income Clearing Corp. and the Options Clearing Corp.—were cut one notch to AA-plus. These institutions, previously rated AAA by S&P, clear and process trades and are crucial to the daily workings of the U.S. financial markets.
Officials at S&P said they plan to indicate how local and state governments and insurers will be affected by the rating agency's downgrade of long-term U.S. debt."