Monday, August 8, 2011

Moody's Hangs Tough

Dow down over 300 points but that's not so bad when you consider S&P continues with what amounts to Guerilla warfare by timing the Fanny Mae and Freddie Mac downgrades on this awful day.

Moody's, by not downgrading the U.S., may well be saving the financial ratings sector from catastrophic legal difficulties. 

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