Credit Downgrade Sparks Market Freefall

PITTSBURGH (NewsRadio 1020 KDKA) — KDKA Radio’s Robert Mangino talks with Jayme Meredith, vice president and financial advisor with Hefren-Tillotson and host of Hefren-Tillotson’s “Your Money & You.”

Mangino asks whether Standard & Poor’s downgrading of the United States’ credit rating was an economic or a political decision, and discusses with Meredith the impact that the new AA+ rating will have on the American market.

They also discuss what the market freefall means for Main Street, and how the average stockholder will be hit by the Dow’s downturn.

Listen to Robert Mangino every weekday from 6 p.m. to 10 p.m., and catch “Your Money & You” Saturdays from 9 a.m. to 11 a.m. on NewsRadio 1020 KDKA!

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