What is Digg?29 Comments
- tkeeley, on 07/11/2008, -0/+20We're just handing out money to everybody these days!
- inactive, on 07/11/2008, -0/+10Hopefully, Paulson sticks to his position of not bailing out for the time being.
On an a different note: Hey Bernanke, if you're listening....can we start moving those rates back up to sane levels? - life38, on 07/11/2008, -1/+8The US needs to let them fail. It is the investors who own the stock who will lose. The Financial market is already in the hole. I want to see a bottom soon. Government needs to stay out of it for now.
Oh and by the way the government needs to take control of the mortgages assets that they have their backing on and hold them. The bond will be honored when they come due through the selling of assets they take from any default by these two. - beatle42, on 07/12/2008, -0/+7Our tax money is already going to China. Whenever we're paying the famed interest on the national debt, who do you think that interest is going to? (Well, more goes to Japan, but a lot goes to China.) Whether we do anything about Fannie and Freddie we're still going to send a lot of tax money to China and other governments until get out of debt as a country.
- Marsharks, on 07/12/2008, -0/+5Wait till the Chinese find out them dollars are backed by nothing and worthless!
- Rotzooi, on 07/12/2008, -0/+5LOL, yeah, good thing the Republicans didn't increase taxes eh? Now they just had to borrow 3 trillion dollars from the Chinese. That is SO much better than higher taxes.
President Obama will have to clean up this mess, and yeah, higher taxes will be necessary to get us out of this hole. Pay for your Republican vote, cheapass. - inactive, on 07/11/2008, -1/+5all goverment officials need to be removed from office. all of them, america needs to get back to the god damn peice of paper they know nothing about, the constitution.
- ljrdxyh, on 07/11/2008, -2/+5so as the chinese see the value of their holding go down 60 percent and the value of the dollar drop as well, do you think they'll start buying gold and silver? I think yes.....
- thedeadwalrus, on 07/12/2008, -0/+3Step 1. Buy Chinese goods using money loaned from China.
Step 2. Repeat step 1 for 15 years.
Step 3. Collapse.
Step 4. Pay back all those Chinese loans with worthless pieces of paper. - inactive, on 07/14/2008, -0/+2They guarantee something like $5 trillion dollars of loans. If they fail, we fail. It will throw a wrench at an already bad economy. However, I still doubt that these companies will fail given their massive capital. Their current trouble is simply the insanity of the markets.
- Carl306, on 07/12/2008, -0/+2I'm so happy to know that the federal government will come and personally help ME out if I'm ever in a situation where I show poor judgment and a lack of fiscal responsibility...
"The prospectus for every GSE bond clearly states that it is not backed by the United States government. That's why investors holding agency bonds already receive a significant risk premium over Treasuries." - ReidFleming, on 07/12/2008, -1/+3Hey, I try! The thing is, I'm honestly shocked anymore when I pick up ANY product in a store and the label says anything other than "Made in China." Boy does it suck to not have a choice in so many places.
- vonmises05, on 07/11/2008, -1/+3Throwing money at the market in the form of Government spending (either through taxed based revenue, inflated currency, or loans incurred on OUR behalf by the federal government) is what has caused most of the problems with the mortgage crisis. The Federal Reserve pumped money into the market by loaning to banks and lowered the prime interest rate, making it too tempting for banks to lend out money for people to but homes they couldn't afford. People started to buy more homes, causing the increased price and production of homes. The demand for homes was too much for the suppliers to handle, and the prices sky-rocketed, causing the Housing bubble to burst. Fannie and Freddie have been operating under the impression that the Government would bail them out in the event of a financial crisis. If the government does bail them out, that simply sends a message to all other sectors in the market; the Fed will take care of you, take more risks. We are moving onto complicated ground here. While people who advocated a Federal Reserve System in the early part of the 20th century had no idea what inflation of the money supply would do, we are living with the negative consequences. By establishing this precedent now, we can only imagine what kinds of economic horrors we will be faced with down the road....
- f3l1x, on 07/13/2008, -0/+2I got AIDS from reading this comment. Also, I think I have eye and face cancer now too.
- thecolor11, on 07/12/2008, -0/+1"The top five foreign holders of Freddie and Fannie long-term debt are China, Japan, the Cayman Islands, Luxembourg, and Belgium." If you look at the table below, they actually leave out Canada and the UK. Weird.
- flavioribeiro, on 07/11/2008, -0/+1I think they're going to buy a lot of assets in the US, just like the Saudis are doing. The smart thing to do is to spend those dollars while they're worth something.
- Ajajadude, on 07/13/2008, -0/+1I haven't gotten any money from anyone...
- Pinkertinkle, on 07/14/2008, -1/+2I for one welcome our new Chinese overlords.
- TheImaginator, on 08/12/2008, -0/+1The Chinese hold US Treasury notes.
What happens if they give them back? - son1k, on 07/13/2008, -0/+1China isn't the one starting wars...
- ileen4justice, on 07/15/2008, -0/+1What's the matter Mikey? What makes you the mean bully? I'm here if you need help......
- inactive, on 07/14/2008, -1/+1That's not funny *****. Look at what Mao did and decided if you're ready to welcome that.
People like you are why we are in the shape we're in.
A pox on you and your family. - mikesbaker, on 07/14/2008, -1/+1as i can see by your profile pic you are a RP(pbuh) nut job. here is the thing about the gold standard. at what gold is worth right now.... there isn't enough gold in the entire world to cover a fraction of the US currency at the current value of gold against the US dollar. if we went to the gold standard we would have to declare gold essentially worthless to cover the amount of money in circulation.
I wonder why ron paul didn't get the republican nomination - he is so electable
/sarcasm
write in mickey mouse... er.. I mean ron paul (both will do you just a much good)
edit - HAHAHA you friended Bob Barr and he didn't friend you back. you suck at being a libertarian. - sconnor, on 07/12/2008, -4/+3BOYCOTT "Made In China". Don't fund their WAR MACHINE!!!
- inactive, on 07/14/2008, -1/+0I can't wait till the economy collapses, then I won't have to go to boring summer school :)
- inactive, on 07/14/2008, -2/+1Amazing how many think this is a ***** joke. Like this is an advertisement for a ***** movie or something.
Do you people realize that this country has been bought and paid for by a foreign government? That this was sold to them by our government?
Pull your money out as soon as you can. Don't trade it for silver or gold. Trade it for copper jacketed lead chambered in .308 or better.
I will help and defend those who have at least attempted to prepare. The rest will be left to suffer in their ignorance. Holy ***** is this going to get ugly. - fakekevinrose, on 07/13/2008, -5/+1yo digg, i gotta tell you faggotrs sometings
i was dowlioading some ***** vidz on redtube yesterday, and i was jerkinn my dick off real hard to that *****, but i justy coudltnt get off!! i was like 'wjhat the ***** son, my man milk wont shootout'''' so i switched over tyo tnaflix.com and started wacting some awesome vides threreere. excepty the vids werent hot enough for me, so i staarted to watch some gay pornn. can youy beliebve men have sex imn those vids??, but i will be honesty with you all, it was HOTT, i started jerkinoff like crazy, i blew tyhe fattest load ever, my grandma came in my roiom too see what the racket was all about, but i punch that former slut in the face, bitch went down like a ***** on bin laden weed. does watchin gay porn make me gay, also can i get aids from watcjing it??????? hit me back
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