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 More S&P downgrades

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lmm
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Aquarius

Posts : 1873
Join date : 2011-05-19
Location : Colbert County

PostSubject: More S&P downgrades   Mon Aug 08, 2011 9:20 am

S&P just downgraded Fannie and Freddie. That one just have been done 10 years ago.

So anybody got anything left in their 401K? Mine has gone about $7,000 so far. affraid affraid affraid affraid
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NashBama
Limerick Lover


Posts : 17
Join date : 2011-05-26

PostSubject: Re: More S&P downgrades   Mon Aug 08, 2011 10:19 am

To scared to look at mine.

Apparently part of the reason for the downgrade is the fact that both parties are so far apart on the issue and fighting. It gives the impression that we're unstable and unable to solve the problems.

All we can do is just ride it out and let Washington know how we feel at the ballot box.
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lmm
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Aquarius

Posts : 1873
Join date : 2011-05-19
Location : Colbert County

PostSubject: Re: More S&P downgrades   Mon Aug 08, 2011 6:20 pm

If the republicans will agree to tax raises or closing of loopholes and the dems agree to cutting entitlements, we might make it out alive.

But i have my doubts since both sides are full of it and neither one wants to do a dammm thing.
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