Posted on 02/24/2009 12:05:50 PM PST by SonOfDarkSkies
I’ve been thinking about this all day. I think Denninger blew the lid off the Fed’s lack of accountability. (Sorry for posting this link again today but I think it applies here as well).
http://market-ticker.denninger.net/archives/824-AIG-Inquiring-Minds-Want-To-Know.html
It looks like our foreign creditors have been increasingly worried about our ability to repay. The TARPs and bailouts are the way Fed and Treasury can funnel money to these investors allowing them to keep their investments in US debt and more importantly, invest more - only this time with our money.
Where was Hillary this weekend?
she supposedly left China enroute home on the 22d
Bamsters speech tonight should reflect what she and the Chinese agreed to regarding purchasing more of our debt
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