Greed to destroy capitalism ?

[2uk]

In his latest address to the American people the US president has announced that the financial system in the US faces imminent collapse if 700 billion is not injected in the system by the government purchasing sunken mortgage-backed securities ?

Note that the 700 billion comes from tax payers money .... ie. The government will use tax money to let Americans continue borrowing money ... sounds insane..

[NoddY]

In his latest address to the American people the US president has announced that the financial system in the US faces imminent collapse if 700 billion is not injected in the system by the government purchasing sunken mortgage-backed securities ?

Note that the 700 billion comes from tax payers money .... ie. The government will use tax money to let Americans continue borrowing money ... sounds insane..

As predicted by Karl Marx.

[HairyArsedBloke]

Note that the 700 billion comes from tax payers money .

It gets worse. That 700billion to be paid by the US tax payer to be borrowed from the Chinese who have loads of dollars earned from the US people by selling them stuff that could have been made in the US by US employees. So the US taxpayer is paying even more money to people that have already constrained their income.

Sounds like a recipe for resentment to me.

[DaveB]

Once the Chinese get their state banking operations moving they are giong to end up owning most of the US financial houses.

[Paddy]

Once the Chinese get their state banking operations moving they are giong to end up owning most of the US financial houses.

What's Wong with that?

[HairyArsedBloke]

What's Wong with that?

Wu is the President of China these days.

[ChimpMaster]

Wu is the President of China these days.

I was in the Chinese the other day having a lovely bowl of noodles when <shock> I see 2 eyes staring out at me from within the bowl.
It was the peeking duck.

[TimberWolf]

I was in the Chinese the other day having a lovely bowl of noodles when <shock> I see 2 eyes staring out at me from within the bowl.
It was the peeking duck.

That's because you asked for supplies

[gingerjedi]

It gets worse. That 700billion to be paid by the US tax payer to be borrowed from the Chinese who have loads of dollars earned from the US people by selling them stuff that could have been made in the US by US employees. So the US taxpayer is paying even more money to people that have already constrained their income.

Sounds like a recipe for resentment to me.

better