Home |
Search |
Today's Posts |
#11
posted to rec.boats
|
|||
|
|||
China bailout bill...
"Don White" wrote in message ... wrote in message ... 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... ------------------------------------------------------------------------------------------------------ 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. |
Reply |
|
Thread Tools | Search this Thread |
Display Modes | |
|
|
Similar Threads | ||||
Thread | Forum | |||
Bailout bust! | ASA | |||
Bailout question | ASA | |||
Another 150 billion bailout! | ASA | |||
Democrats bailout automakers: 25billion! | ASA |