China bailout bill...
 

"Don White" wrote in message
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wrote in message
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On Oct 3, 2:01 pm, wrote:
On Oct 3, 1:29 pm, wrote:

On Oct 3, 12:33 pm, wrote:

Looks like they are going to pass a bill without protecting the US
taxpayer from China and others pawning their own bad loans on US
banks.. They should all be thrown out...

Well, we just got sold out to China..

Scotty, Bush and company have been borrowing money, and thus oweing
China for a long time, and at an astounding rate to fund the war.

Different issue.. The bill they passed today allows them to sell their
bad debt to American banks and we will buy them up along with our own
bad debt...
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Oh boy..... sounds like you guys are going down and you'll probably take
us with you.
You need a real overhaul of your financial system...it isn't working
anymore.

Yep. most investors left the mortgage market a long time ago. I know I
did. It is now in essence government owned. A new USSR, United States
Socialist-Bank Republic. Lets face it, what is really causing this is that
the government will not let interest rates float to where they should be.
And where they should be is much higher to reflect inflation and risk, and
oh ya, profit for having it to use. This is probably the first step in the
nationalization of the US economy.

Case in point, not one bank anywhere ran short of cash. They ran short of
cash they were willing to pay for and pass on to debtors.

Banks just passed debt from Wall Street to Main Street and now we who are
not f'ing the system get to pay for it. When in fact Wall Street should eat
it and black ball all the directors and executives involved.