WTF S& P downgrades Fannie and Freddy

[malaise]

but remember they backed Madoff and AIG


from M$NBComcast

[Poll_Blind]

1. This is a right-now thing?!

:wtf:

PB

[DURHAM D]

2. So who is paying them for these rating changes?

We will never know but someone is.

[Javaman]

9. more than likely the Koch brothers. nt

[Poll_Blind]

3. Here's a link for you: S&P fallout: Fannie and Freddie downgraded

S&P fallout: Fannie and Freddie downgraded

PB

[malaise]

5. Wrong link

That's this thread :D

[Poll_Blind]

6. LOL, see, THAT'S how reliable a news source DU is! Here is the right link (LINK)

S&P fallout: Fannie and Freddie downgraded (from CNN)

:rofl:

PB

[malaise]

8. LOL - another link

http://www.businessinsider.com/sp-downgrades-fannie-and-freddie-as-stocks-tumble-to-their-lows-of-the-day-2011-8

:rofl:

[banned from Kos]

4. FNM/FRE bonds backed by the Treasury

S&P in all out retaliation mode.

[maryellen99]

7. Head Of S&P is a big Romney supporter nt

[Nancy Waterman]

12. That is the story we need to get out there

This is to make Obama look bad and help Romney. The whole thing is bogus.
Given the fragility of today's economic world, they can only be interpreted as purposefully pushing disaster.

[still_one]

10. It will have a ripple effect. Munis will also be affected. Their downrating does not reflect

reality, and will hurt a lot of people

It also put Social Security and Medicare at a huge risk because the repukes will be using this to base their position

[jpak]

11. Congress needs to regulate the ratings agencies - they are unreliable and have massive COIs

Conflicts of Interests - they can do just exactly what they want to do

and get away with it

yup