FOXNEWSW Happening Now August 8, 2011
moments ago. standard & poors following up with the downgrade of our debt with a downgrade of our mortgage giants fanny mae and freddie mac, not necessarily unexpected but another dynamic to this story. sandra smith is live on wall street with more. sandra tell us a little bit about the market reaction thus far to this news. >> reporter: jenna, jon it's not good. the markets are royaling right now in light of the credit rating being stripped. they had a chance to adjust to it over the weekend. now a new blow to the markets. fanny mae and freddie mac, their aaa rating has been strippe...
Source: archive.org