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US Taxpayers To Bail Out Chinese Sovereign Wealth Fund?
History News Network ^ | 10/14/2008 | Judith Apter Klinghoffer

Posted on 11/14/2008 7:33:08 AM PST by Oyarsa

It may be hard to believe but the WSJ reports that Chinese sovereign wealth fund - China Investment Corp., "has applied to participate in the U.S. Treasury's temporary guarantee program for money-market funds." This at a time when Bloomberg reports that "China's foreign-exchange reserves rose to a world record $1.906 trillion, helping to strengthen the nation's finances as the credit crisis threatens to trigger a global economic slump."

(Excerpt) Read more at hnn.us ...


TOPICS: News/Current Events
KEYWORDS: bailout; china; news

1 posted on 11/14/2008 7:33:09 AM PST by Oyarsa
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To: Oyarsa

Why, oh why, can’t we let the companies who act foolishly die?


2 posted on 11/14/2008 7:36:14 AM PST by OneWingedShark (Q: Why am I here? A: To do Justly, to love mercy, and to walk humbly with my God.)
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To: Oyarsa

Well why not? Here in NY, with the economy in the tank, Gov. Paterson thought it would be a good idea to spend 4 million dollars to re-name a bridge.


3 posted on 11/14/2008 7:36:34 AM PST by Long Island Pete (Facts are stubborn things.)
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To: Oyarsa

Yep. And I’ll bet you anything that the 2 trillion that Paulson has loaned that the treasury won’t reveal the recipients includes plenty of foreign entities, some from Red China.


4 posted on 11/14/2008 7:43:00 AM PST by pissant (THE Conservative party: www.falconparty.com)
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To: pissant

Our money should stay in our country until we get things straightened out. Then, if we want....and when I say “we”, I mean the people................we can help out others. It does no good to have every country in the world go in the tank.


5 posted on 11/14/2008 8:01:38 AM PST by RC2
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To: Oyarsa

We are more screwed than we could even imagine. We need to know what we don’t know is coming.

See, nothing makes sense anymore. Not even me.


6 posted on 11/14/2008 8:04:15 AM PST by dforest (Is there any good idea out there that Obama doesn't lay claim to anymore?)
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To: Oyarsa

There’s only one thing left to do - figure out how I can claim my share of that money. I mean $2 trillion, I should get at least $100,000 out of that...


7 posted on 11/14/2008 8:04:30 AM PST by PugetSoundSoldier (Indignation over the sting of truth is the defense of the indefensible)
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To: OneWingedShark

Because the criminals in our government are using our tax dollars to keep their goal of achieving globalism in the next few years. Globalism meaning a global financial system, global government and global socialism.

By bankrupting the taxpayer, and the nation, they hope to accomplish their agenda.


8 posted on 11/14/2008 8:08:07 AM PST by hedgetrimmer
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To: indylindy
I have no doubt that the globalists in our government are not giving the full story about the debt the taxpayers have been forced into.

Their policies of public/private partnerships, pension liabilities, bailouts etc will add up to far more than they're admitting.

In Britain the same globalist economic policies resulting in massive debt for British citizens is illustrated here. I have no doubt the graphic could represent the untold story about US debt as well.


9 posted on 11/14/2008 8:12:55 AM PST by hedgetrimmer
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To: Oyarsa
Those, those wonderful wall streeters with those honest hedge funds/ derivatives. Bunch of thieves!!! The economy will never be fixed until this BS betting/insurance is put an end to.
10 posted on 11/14/2008 8:19:54 AM PST by org.whodat (Conservatives don't vote for Bailouts! Republicans do!)
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To: PugetSoundSoldier
Where do I get my bailout?

I am sure I can think of plenty of things making me deserving. I didn’t buy a house in California because I thought they were too high. I need a check to cover what I should have made in the runup.

And since I didn't have a house to refinance, I need some help so I can buy a Beemer and a Harley, take exotic vacations, big mall trips, and finance my big business idea. Feng shui consulting, gourmet dog pampering, and make it yourself candles all under one roof.

11 posted on 11/14/2008 8:24:48 AM PST by Notary Sojac
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To: hedgetrimmer

>Because the criminals in our government are using our tax dollars to keep their goal of achieving
>globalism in the next few years. Globalism meaning a global financial system, global government and
>global socialism.
>
>By bankrupting the taxpayer, and the nation, they hope to accomplish their agenda.

Ok, now this opens up several questions, which I think ought to be asked.
1) Why should they care/embrace globalism?
2) Is Globalism treasonous to the US?
{Jesus’s teaching that no one can serve two masters also shows us that divided loyalties don’t work.}
3) Why is Globalism being pushed [in education at the least] as inevitable/unavoidable?
(The human race has gotten along just fine for thousands of years without being ‘global’.)
4) If Globalism is indeed treasonous to the US Constitution, why then aren’t we military-folks, sworn to protect said constitution from both foreign and domestic enemies, doing something about it?
(I for one would love to gear-up and shed blood in DC as the corruption there is intolerable; however, I do realize that in my wanton destruction I would probably end up punishing a lot of people who aren’t wholly deserving of it, like aides, attaches/couriers, secretaries, and the like... so yeah, I need orders.)


12 posted on 11/14/2008 8:26:17 AM PST by OneWingedShark (Q: Why am I here? A: To do Justly, to love mercy, and to walk humbly with my God.)
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To: Oyarsa

The Bush administration is a disgrace. I’ve never been sorrier for a vote. I’m not sorry I cast it because Gore and Kerry were much worse but i’ve never been more disappointed in someone I voted for. That includes his RINO father.


13 posted on 11/14/2008 9:02:22 AM PST by DemonDeac
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