Monday, August 8, 2011

S&P Downgrades Stock Certificate Clearer DTCC to AA+


S&P has downgraded the Depository Trust and Clearing Corporation (DTCC) to AA+.
The DTCC provides clearance and settlement for all equity trades, and is the actual owner of your equities (unless you have followed Jim Sinclair's advice and taken physical delivery of the actual stock certificates)

DTCC Cut to AA+ from AAA by S&P, Outlook Neg

Last we checked, S&P has yet to downgrade physical gold or silver.