Mittwoch, 6. August 2008
1 Jahr? 5 Jahre? 15 Jahre?
Let me fast-forward to the final, fatal stage of this cancer, the stage we must avoid at all costs. Let me take you to the day, however unlikely that day is, when it could spread to the U.S. government itself, when investors all over the world can no longer trust the debt of the United States Treasury Department.
[…] never forget: Millions of investors, mostly overseas, have put their faith in U.S. government securities. They’ve loaned you their money because they trusted you , the U.S. Treasury Department. If you turn around now and pour their money down the bottomless pits we talked about today — Fannie and Freddie, GM and Ford, major banks — what do you think their reaction will be?
Quelle: US Financial System in Crisis as Government Hides the Truth to Prevent Bond Market Panic :: The Market Oracle :: Financial Markets Analysis & Forecasting Free Website