U.S. DOWNGRADE MAY NOT AFFECT INSTITUTIONAL TREASURY HOLDINGS (SLV, GLD, TBT, TBF, TLT, SPY, DIA, QQQ, ZSL,)
….Correct Information About The Law Here is what the law is: While S&P cut the long-term rating, it reaffirmed the short-term rating for the US at the top A-1+ level. This means money market funds will not be forced to sell US Treasuries. Most banks in the United States are regulated by the Federal Reserve Bank. The Federal Reserve has issued a crystal clear statement that there is no change in the risk weighting of US Treasuries. This means that the banks will not be forced to sell US Treasuries. Most insurance companies in the United States are governed by