Standard & Poor’s Ratings Services on Monday downgraded the credit ratings of Fannie Mae and Freddie Mac and other agencies linked to long-term U.S. debt.
The agency also lowered the ratings for: farm lenders; long-term U.S. government-backed debt issued by 32 banks and credit unions; and three major clearinghouses, which are used to execute trades of stocks, bonds and options.
All the downgrades were from AAA to AA+, reflecting the same downgrade S&P made of long-term U.S. government debt on Friday.
http://finance.yahoo.com/news/SP-downgrades-Fannie-and-apf-1344749763.html?x=0
On Saturday, the broke Fannie and Freddie says they want to suck more money from the broke United States of America.
https://bellalu0.wordpress.com/2011/08/05/fannie-mae-wants-more-money-again/
Posted: 08.08.11
