zanardm

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  • The Bailout to End All Bailouts
    The mother of all bailouts? Just say NO to more government debt; already we are currently at 15 trillion. That is 750 billion per year @ 5% yield. Of course Fannie and Freddie have some revenues, one would assume. Other countries are voting down our currency and actually have been buying fewer bonds, which increases yield and hence interest rates in the long run. We are paying a 30% premium for gasoline because of a weak currency. We are a debtor nation, and the world creditors are getting tired of us spending too much.The private sector is spending less, because of energy prices and the housing slump in general. There is hope. Americans are overwhelming against any Wall street bail out. We are counting on the House of Rep to hold the line.
    Sep 27 01:10 am |Rating: 0 0 |Link to Comment |View article

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