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View Full Version : USA To Help Bailout Falling Euro



Franco
05-10-2010, 02:02 PM
"The the U.S. Federal Reserve pitched in by making dollars available for the European Central Bank to loan to shaken European banks."

Above from a business publication.

My thoughts;

There isn't enough dollars, freshly minted or borrowed to help bailout socialist Europe. Remember, this is a continent that takes the month of August off for Holiday, has Socialized Medicine and powerful workers unions..

We have our own problems of overspending. Apparently, there isn't enough money to keep all the poorly run nations afloat.

Instead of postponsing the inevitable, why would we want to throw perfectly good borrowed money and freshly printed money after poorly run countries?

We would all be better off in taking our lumps and learning from them as opposed to delaying the results of bad government, both domestic and foreign!

ducknwork
05-10-2010, 04:19 PM
Sooooo let me get this straight...we borrowed money from China so that Europe can borrow it from us? I guess it could be a good money making venture if the interest rate is right...:confused: