[GOPJ]

...just like Chrysler. Bondholders are being stiffed in this bankruptcy (it is argued and believed) then all bonds issued by anyone inthis country are in danger of being repudiated just for the hell of it. Foreign and domestic investors should flee from bonds.

Foreign investors will bolt if we play too many games like this...

[ponygirl]

Didn’t Peter Schiff predict that the T-bills market would collapse, then the commercial real estate market? And then China and Asia would “decouple” from the US and let us sink without them? Sounds like it’s all about to happen.