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To: Scanian
There's also the question of the fed having just spent 12+ trillion bailing out banks and wallstreet fat cats and not wanting any part of the relatively paltry 200 billion it would take to bail out the states and by that all which is meant would be to eliminate the high interest rates they pay for borrowing. Not that the states don't need to clean up their own fiscal acts, but money policies are part of the picture.

Note that North Dakota, with its own bank and access to credit similar to what the federal govt. has, is basically immune to all the grief we read about.

5 posted on 01/22/2011 3:59:10 AM PST by wendy1946
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To: wendy1946

ND’s energy production is also a big economic help.


7 posted on 01/22/2011 4:00:59 AM PST by Scanian
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