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Milton J. Madison - An American Refugee Now Living in China, Where Liberty is Ascending

Federalism, Free Markets and the Liberty To Let One's Mind Wander. I Am Very Worried About the Fate of Liberty in the USA, Where Government is Taking people's Lives ____________________________________________________________________________________________ "Extremism in defense of liberty is no vice. Tolerance in the face of tyranny is no virtue." -Barry Goldwater-

Thursday, April 21, 2011

S&P Cuts Fannie, Freddie, FHLB, Farm Credit Outlooks After US Cut - WSJ.com

More downgrades of American financial governmental institutions follow the downgrade of the American debt credit.....
Standard & Poor's Ratings Services cut its outlooks on Fannie Mae (FNMA), Freddie Mac (FMCC), the Federal Home Loan Bank system and the Farm Credit System in correlation with its recent move of lowering its outlook on U.S. debt.

S&P said the outlook changes reflect its revision of the outlook on the U.S. from stable to negative--a move S&P made Monday that roiled markets.
According to the credit rating agencies, the US government creditworthiness is no longer as solid as it has been in the past. Spend beyond your means and one can expect that that creditor will eventually default on debt. But there is hope.....
And forgive us our debts, as we also have forgiven our debtors.
-New American Standard Bible-
Maybe, as the leftists try to spend the nation into Utopian oblivion, this is God's way to reconnect to Godless Democrats.

S&P Cuts Fannie, Freddie, FHLB, Farm Credit Outlooks After US Cut - WSJ.com

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