Wow, some some real non-partisan thoughtful analysis. Would not have thought it possible here on “Free Republicans”. Thank you!
Yes, both parties have their hands in the cookie jar and preach “markets” until one of their patrons gets burned, then it’s “government bailout” time.
And it is not as if “we” are really paying: we’re just increasing our kids’ indentured servitude to the Chinese
We Americans have not been paying our own way in the world for some time: the Kleptocrats gave us the rope and now we’re hanging.
Please oh please can we get some grown-ups in charge!
Chinese & others bought debt instuments/prefered shares like Lehman Brothers Holdings Inc. LEHP
52-Week High 1269.53 52-Week Low 2.00
(09/15/2008)Prior Day’s Close 3.10
They are taking it in the shorts now along with everyone else and will get pennies on the dollar. Our kids won’t be in servitude to the chinese, or anyone else. This is the proverbial catching the tiger by the tail. They let go and quit buying our debt, we will not buy their export crap.