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Everybody in the market fleeing to the security of the full faith and credit of the united states of america. the thing that happened in american finance and also in american politics over the last three days is that a ratings agency, standard & poor's, said don't buy u.s. treasury bonds. standard & poor's said if you loan money to the united states, we are less sure than we used to be the country will pay you back. the whole point of the downgrade was to say the u.s. treasury essentially can no longer be trusted. the market responded by giving the u.s. treasury all of their money. >> it's kin...

Faith and credit of the united states of america. the tectonic thing that happened in american finance and also in american politics over the last three days is that a ratings agency, standard & poors, said don't buy u.s. treasury bonds. standard & poor's said if you loan money to the united states, we are less sure than we used to be the country will pay you back. the whole point of the downgrade was to say the u.s. treasury essentially can no longer be trusted. the market responded by giving the u.s. treasury all of their money. >> it's kind of hard to sell treasuries when you have a market ...