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U.S. Credit downgrade begins

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posted on Aug, 6 2011 @ 12:16 AM
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www.marketwatch.com...

The rating has been downgraded to AA+ with negative outlook by Standard and Poors.
It seems that raising the debt ceiling wasn't enough. The predictions are that the first place that it will effect is mortgage and student loan intreats, among other things. I for one am glad they waited till after the marked closed Friday to make this information public. I would hate to have seen what would have happened if the news was delivered Friday morning, especially considering how the market tanked Thursday.

Grab your popcorn folks.....
edit on 6-8-2011 by Wetpaint72 because: (no reason given)

edit on 6-8-2011 by Wetpaint72 because: (no reason given)


Oops. Just found it in breaking alternative news... Please delete if needed, sorry.
edit on 6-8-2011 by Wetpaint72 because: (no reason given)




posted on Aug, 6 2011 @ 12:28 AM
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reply to post by Wetpaint72
 


C u on the other thread



posted on Aug, 6 2011 @ 12:39 AM
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Your kidding, it's been downgraded again since a few hours ago?

When will it stop?




posted on Aug, 6 2011 @ 01:33 AM
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Originally posted by boncho
Your kidding, it's been downgraded again since a few hours ago?

When will it stop?



Hopefully never.




posted on Aug, 6 2011 @ 11:23 AM
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There are several threads already discussing the downgrade of the U.S. to AA rating. Please use one of these to continue the discussion.

Thread Closed



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