Tag Archives: S&P

Fannie and Freddie downgraded by S and P

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.



On Saturday, the broke Fannie and Freddie says they want to suck more money from the broke United States of America. 


Posted:  08.08.11

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Filed under Barack Obama, Financial Crisis, politics