u.s. lawmakers got a similar warning from the s&p. who better to ask about this than elizabeth mcdonald of the fox business network. i guess there are other debt that is could be affected? it of the debt issue by fannie mae, freddie mac, the federal home loan bank, and surprisingly, debt that the issue is guarantying issued by the states of israel and s egypt, about $1.25 billion worth of bonds issued by egypt, that was a loan guarantee program that came about after the spring uprising, and also about $11.9 billion in bonds issued by israel, jon. so very interesting disclosure there. jon so when moody s and s&pes talk about potentially down jading u.s. debt that, has pretty big ramifications in the financial world. that s right, jon. also it would be the bonds issued by 7000 municipalities, and you know, we re hearing from j.p. morgan chase and bank of america that if there is a downgrade, it would hurt u.s. economic growth, which is already flatlining around
Detailed text transcripts for TV channel - FOXNEWS - 20130515:01:03:00
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Detailed text transcripts for TV channel - FOXNEWS - 20130515:04:03:00
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