Pete the Banker: Talk of Downgraded US Bonds Not New

July 20, 2011

SHARE
 Remember this from April 21 2011 news cycle?  Since the Administration, Treasury Dept, and Senate have shown no real leadership in providing legislation reforming the former GSE’s, perhaps the real reason that the USA faces a downgrade in August.
 
“Standard & Poor’s changed its outlook on the government-sponsored enterprises this week to negative from stable, mirroring its move on U.S. debt obligations earlier.
When analysts placed the U.S. sovereign rating on negative outlook, it pointed to the conservatorship of Fannie Mae and Freddie Mac as the main cause. Analysts estimated it could cost 3.5% of GDP to capitalize and relaunch Fannie and Freddie – in addition to the 1% GDP already invested.”

DEMOCRATS: FAILURE TO LEAD.
Tell ’em where you saw it. Http://www.victoriataft.com