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ATHELSTAN
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If nothing else, the Chinese and the Japanese will give a second thought about dumping U.S. Treasuries. With the 1.2 trillion dollar bail out, new Treasury issues will be generated and they will be extremely popular the world over. Bank stocks are going to continue to rise, but in the long run gold will come out the real winner.
Sep 21 07:47 am
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All Comments by ATHELSTAN »Hank Paulson, Buy-Sider [View article]
Poltically, it means the end of the McCain candidacy and the GOP because of its treasonous maladminstration of the US government , and its criminal neglect while bankers , hedge fund managers and other thieves fleeced the "system". Not to mention the American people and their economy.
Mayor Mike Bloomberg can be as sanguine about New York City's ability to weather this mess as he wants to be, but the the truth is the financial hegemony of New York City as the money center of the universe is now history. It ended once and for all this past week.