Monday, August 08, 2011

"Trickle-Down" Fears

As though we don't have enough to worry about; consider the fact that S&P could now lower ratings on ancillary quasi-government entities, i.e. Fanny Mae and Freddie Mac. Also, municipalities and counties and states are also exposed to ratings cuts. 

...It may take much longer than we anticipated to dig our way out of this economic hole. Say a prayer?



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