Quote Originally Posted by RoadToad View Post
The AAA rating of Fannie Mae and those other companies will probably drop, too, as a result of the country's rating dropping. But in the long term we may end up better off. At least, I don't see it as the catastrophe some are making it out to be. We didn't get downgraded to "junk" status. We're still considered a good credit risk. And S&P isn't the only rating agency out there. Canada and Japan's economies grew 15% and 25%, respectively, in the 12 months after they got downgraded back in the 90's. No, I'm not saying it's a "good" thing, but it's not the end of the world.

Yeah I probably should have worded it a little differently than I did. Was just thinking maybe this will be the smack in the face we needed to wake us up.