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To: DeaconBenjamin

So, basically, whenever the Fed writes a check, it depends on foreign investors to keep the checking account solvent. What if they balk? Or what if the $$ just runs dry? What good will all these guarantees be?

Interesting times.


7 posted on 07/15/2008 7:52:30 PM PDT by rbg81 (DRAIN THE SWAMP!!)
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To: rbg81
You mean, like:

South Korean life insurers are shunning U.S. and European corporate bonds because of a rising risk of default and plowing money into domestic debt.

Samsung Life, Kyobo Shun U.S., Europe for Korea Bonds

10 posted on 07/15/2008 7:54:49 PM PDT by DeaconBenjamin
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