Description: CNNMoney’s Poppy Harlow explains how S&P’s downgrade of the US credit rating may impact mortgages, car and student loans.
Source: CNNMoney.com – video report
Date: 07/06/2011
Link: http://money.cnn.com/video/news/2011/08/06/n_impact_credit_downgrade.cnnmoney/
Questions for discussion:
- Summarize the expected consequences of the S&P’s downgrade.
- How would these changes be expected to impact the overall economy?
- How can this problem be fixed?
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