Money Management Firms Are Completely Unprepared for Lower than AA Downgrade
July 26, 2011 at 14:40 PM EDT
FOX Business Network Senior Correspondent Charlie Gasparino reports that “money management firms are completely unprepared for anything lower than a AA rating downgrade.” He also said that if the United States credit rating does go below a AA, we are going to see a “dramatic market implosion.” Excerpts from the report are below, courtesy of [...]