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A caller to another show suggested that the collateralized debt obligations (CDOs) now virtually worthless were sold to countries such as Red China. The real source of the urgency is the pressure on the White House from those countries. Could be a factor IMO.
14 posted on 09/25/2008 3:19:45 PM PDT by WilliamofCarmichael (If modern America's Man on Horseback is out there, Get on the damn horse already!)
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To: WilliamofCarmichael

China owns much of our nation’s debt. That is a big problem.

(I have no numbers on this however)


16 posted on 09/25/2008 3:38:15 PM PDT by dynachrome (Henry Bowman is right)
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