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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (424806)10/11/2008 2:16:05 PM
From: combjelly  Respond to of 1575328
 
"but my understanding is that the US is getting pushed hard into that direction by China, the EU and the Brits."

I don't doubt that they are. It still doesn't explain the radical nature of the plan.

"Their behavior pretty much demands drastic measures."

I'll grant that.

"They are less ideological and more pragmatic than the current crop."

Which is my point. If this is the pragmatic solution, it has got to be a really big mess.

How big? It certainly is bigger than what I know of.



To: tejek who wrote (424806)10/11/2008 3:39:03 PM
From: bentway  Respond to of 1575328
 
"They have lost credibility and have made the US look stupid in front of the rest of the world."

It's worse than that. We sold them crap mortgage backed securities. Then we sold them worthless credit default swaps to "insure" them against loss ON the mortgage backed securities. All based on the reputation of financial genius of our mighty investment banks.

We a a con-country in the eyes of the world!


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