these mortgages had to have originated in the United States.
In fact, would you consider it odd if I told you that Treasury Secretary Henry Paulson has promised a presidential veto on the bailout bill if language were added to the bill in order to make it apply only to US properties? This means that President Bush must be behind that threat as well.
Folks, it is now my sincere belief that this bailout plan that is about to go through will be used to funnel toxic debt from foreign countries through the ‘credit swap lines’ and into the American economy.
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point, there’s been no real good explanation, thanks President Bush. The longer it takes to find a solution, the closer it becomes a fiscally conservative one
Exactly. These are american mortgages and such that are threatening the global economy. If we don’t get them off the market, many countries are going to dump the dollar for the euro because they do not trust the American system.
I don’t have to explain the consequences of the dollar going from being the world’s premier currency to being roughly the equivalent of the peso, do I?