Bookmarked by:
HuffingtonPost

Last week's credit downgrade and Wall Street's panicked reaction to it are precisely what finance experts like Jennifer Streaks, executive d (more)

Last week's credit downgrade and Wall Street's panicked reaction to it are precisely what finance experts like Jennifer Streaks, executive director of the Washington, D.C.-based Financial Literacy Foundation, try to brace consumers for. "This is the country's credit rating, and you're basically saying that consumer and investor confidence is not there," Streaks said, explaining why the Dow Jones Industrial Average tumbled more than 630 points yesterday.

Originally collected by fetching... (less)