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To: jimbo123

They’re OUR toxic securities jimbo. China bought them from us.

I’m not on the inside, but don’t we want investors knowing they can count on US securities?


122 posted on 09/28/2008 4:02:44 PM PDT by Principled (Vaporize the "Divide and Conquer" taxes - Have everyone pay the same marginal rate!. NRST!)
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To: Principled
They’re OUR toxic securities jimbo. China bought them from us.

Was China going to give the US taxpayer the profits if the securities didn't do bad?

The foreigners took a risk. Made a bet. And they lost. They should write them off and move on.

The US taxpayer should not be bailing out China, UK, Switzerland, Germany, etc.
138 posted on 09/28/2008 4:07:20 PM PDT by jimbo123
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