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.

http://finance.yahoo.com/news/SP-downgrades-Fannie-and-apf-1344749763.html?x=0

http://abcnews.go.com/Business/fannie-mae-freddie-mac-downgraded-standard-poors-stock/story?id=14253014

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

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Filed under Barack Obama, Financial Crisis, politics

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