America’s Credit Rating Went Down. So What?
Slate Money
00:00
The Second Time the US AAA Rating Was Sacrosanct
The S&P downgrade was seen as a black mark on President Obama's administration. Both sides tried to spin it, but the political impact is more pronounced now than in 2011. The first important thing that happened when Treasury bonds went up were people buying safe assets for fear of losing their AAA credit rating.
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Transcript
