Analyst: US May Lose Its 'AAA' Credit Rating
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CNBC:
The United States may be on course to lose its 'AAA' rating due to the large amount of debt it has accumulated, according to Martin Hennecke, senior manager of private clients at Tyche.
"The U.S. might really have to look at a default on the bankruptcy reorganization of the present financial system" and the bankruptcy of the government is not out of the realm of possibility, Hennecke said.
First Posted: 11-11-08 09:00 PM | Updated: 12-12-08 05:12 AM