Thought surely this #trilliondollarcoin thing was a joke, but no. Life imitating The Simpsons, again: http://t.co/hKgQlaQ $$
— David Shvartsman (@FinanceTrends) July 29, 2011
Update: For more on this see Credit Writedown's post on the #trilliondollarcoin meme.
S&P cut Nasdaq's credit rating to junk status citing debt burdens and its questionable strategy to buy a controlling interest in the London Stock Exchange. Financial Times reported that the exchange's counterparty credit & bank loan rating were lowered fromm BBB- (lowest investment grade rating) to BB+. The change will increase Nasdaq's borrowing costs should it wish to pursue aquisition targets. For an earlier look at the exchange consolidation trend that brought about Nasdaq's push for a stake in the LSE, please see "Exchange fever" .