How would you feel if someone tells you “America’s credit rating may soon be downgraded below AAA”? Paul B. Farrell of MarketWatch.com claims just that.

John Whitehead, Former Chairman of Goldman Sachs says “I think it would be worse than the depression. … Before I go to sleep at night, I wonder if tomorrow is the day Moody’s and S&P will announce a downgrade of U.S. government bonds.” That would be nasty and can bring down the Dow to 5,000.

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