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Politics : Formerly About Advanced Micro Devices
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To: Alighieri who wrote (421269)10/1/2008 10:57:35 AM
From: Jim McMannis  Read Replies (2) of 1576180
 
The fact is that a load of foreign banks have purchased our junk and want their money back. Bush, Paulson, Congress wants to give it to them...your tax money. They figure if they don't then they stop buying our debt. We will have to raise rates on treasuries for instance to get them to do so. If rates go up, borrowing costs go up. Right now that crushes housing and consumer spending even more.

What they are trying to do is scare us with the grinch will steal Christmas routine while they help bail out foreign banks and wall street fat cats with your money.

Fine mess we're in ollie...
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