Could it get any worse for Obama & Left-S&P cuts Fannie and Freddie credit rating

Discussion in 'Politics' started by Neotrotsky, Aug 8, 2011.

  1. Neotrotsky
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    Neotrotsky Council to Supreme Soviet

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    S&P cuts Fannie and Freddie credit rating


    Following its downgrade of U.S. debt, Standard and Poor's has now dowgraded mortgage giants Fannie Mae and Freddie Mac, because of "their direct reliance on the U.S. government."

    Here's the agency's press release explaining their actions:
    Ratings On Select GREs And FDIC- And NCUA-Guaranteed Debt Lowered After Sovereign Downgrade
    On Aug. 5, 2011, Standard & Poor's lowered its long-term sovereign credit rating on the United States of America to 'AA+' from 'AAA'.
    As a result, we have also lowered the long-term issuer credit ratings and related issue ratings on select government-related entities (GREs) to 'AA+' from 'AAA'.
    The issuer credit ratings of these financial institutions and their relevant debt issues are removed from CreditWatch, where they were placed July 15, 2011.
    The outlooks for all 12 FHLBs, and the issue level ratings for Fannie Mae, Freddie Mac, the FHLB System, and the Farm Credit System are negative.
     
  2. Grampa Murked U
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    Grampa Murked U Diamond Member

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    This downgrade should have happened a year or two ago. I bet Mr Frank is really fuming now. That little twerp should be downgraded next.
     
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  3. Neotrotsky
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    Neotrotsky Council to Supreme Soviet

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    [ame=http://www.youtube.com/watch?v=LPSDnGMzIdo]‪Democrats were WARNED of Financial crisis and did NOTHING‬‏ - YouTube[/ame]
     
  4. uscitizen
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    uscitizen Senior Member

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    Ahh the S&P just asserting it's control over our govt yet again.
    It is clearly too big to fail.
     
  5. Full-Auto
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    What about Waxman? I smell an investigation.
     
  6. Neotrotsky
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    Neotrotsky Council to Supreme Soviet

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    The S&P are racists

    straight up....
     
  7. Full-Auto
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    The very nerve of downgrading the president.

    It is clearly as you describe.
     
  8. Grampa Murked U
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    Grampa Murked U Diamond Member

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    Too bad his biggest mantra wasn't performing his jobs years ago when F&F were on the verge of causing this disaster to begin with.
     
  9. Neotrotsky
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    Neotrotsky Council to Supreme Soviet

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    Barney Speaks:

    Barney Blames Military

    They Left is pulling out all their cards now- they must be desperate

    WASHINGTON (AP) -- The senior Democrat on the House Financial Services Committee says the biggest reason the United States is seeing its credit downgraded is that it spends too much money being "the military policemen of the world."

    Rep. Barney Frank tells CBS's "The Early Show" that reining in defense spending is "going to be my mantra" for the next few months.

     
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  10. Grampa Murked U
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    Grampa Murked U Diamond Member

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    How did my post quoting you end up above the one I quoted? Lol
     

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