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What's the old saying? When the U.S. has a cold, the world has pneumonia...
1 posted on 09/27/2008 7:25:08 PM PDT by 2ndDivisionVet
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To: 2ndDivisionVet
As I heard Jim Rodgers say . Japan, South Korea and the US let their Banks failed and all came back stronger. The US dominated the 20th century with no bailout.

Another person ( i forgot said that " if the government buys all the mortgages he heard alot of people would stop paying them anymore and line up for a better rate and lower principle because every mortgage holder is a voter and would never be thrown out and that would kill the bailout.

2 posted on 09/27/2008 7:31:32 PM PDT by scooby321 (Cai)
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To: 2ndDivisionVet
If global investors, including central banks and Asian investors, lose faith and start selling off US debt, a run on the dollar could follow which would pitch the world's most important economy into a full-blown recession.

With regards to the commies

How many billions do Red China investors have to lose until we're even with them for stealing our intellectual property? DVDs, CDs, literature, technology and anything of value have been stolen openly and without apologies. Even the WTO cannot stop it.

4 posted on 09/27/2008 7:38:56 PM PDT by WilliamofCarmichael (If modern America's Man on Horseback is out there, Get on the damn horse already!)
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To: 2ndDivisionVet

Forget the DC follies. What will be will be (sounds like a bad song). The Congress will screw us sure as the sun will rise. When it comes time to fix the mess, they will pander, give taxpayer goodies to special interests, double the inflation rare and make sure any profits go back to Congress to spend instead of paying off the debt they are abotu to create. The size of government will vastly increase, power will grow, taxes will rise, and the average citizen who actually is expected to pay for this mess will be screwed.

This is preordained...this is Congress. It is what they do.

Bears poop in the woods and Congress poops on the taxpayer.

No, look to the EU. Two BIG banks are in the process of failing and will go down any day...The UK’s B&B mortgage bank and Belgium’s Fortis.


6 posted on 09/27/2008 8:59:47 PM PDT by Jim Verdolini
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