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The world markets are watching

Started by Michael Koons, 09/27/2008 06:33AM
Posted 09/27/2008 06:33AM Opening Post
To see if the taxpayers of the USA are going to bail them out......
Posted 09/28/2008 03:43PM | Edited 09/28/2008 03:43PM #1
Michael Koons said:
To see if the taxpayers of the USA are going to bail them out......

Well... the bailout will be funded by $700 billion in treasury bond sales -- which will be largely bought by foreign investors. So they would probably argue that it is in fact THEY who are bailing US out, rather than vice-versa. shocked