The Conservative Cave

Current Events => Economics => Topic started by: Linda on September 15, 2012, 12:13:53 PM

Title: U.S. Credit Rating Downgraded After Fed Pumps More Money
Post by: Linda on September 15, 2012, 12:13:53 PM

U.S. Credit Rating Downgraded After Fed Pumps More Money

Quote

A prominent ratings firm downgraded the U.S. Government's credit rating from "AA" to "AA-" one day after the Federal Reserve announced it would pump more money into the economy by buying more than $40 billion of mortgage-backed securities per month until the economy improves.

More evidence of how awful a job obama is doing for our country.

opps forgot to add link...

http://www.breitbart.com/Big-Government/2012/09/14/U-S-Credit-Rating-Downgraded-After-Fed-Pumps-More-Money

Title: Re: U.S. Credit Rating Downgraded After Fed Pumps More Money
Post by: NHSparky on September 16, 2012, 01:13:26 PM

It's not one of the "Big 3" (Moody's, Standard & Poor's, Fitch) but it's serious enough. 

If one of the above mentioned drops their credit rating, then it's all over for Obumbles.