Europe and Japan turned a cold shoulder on Monday toward a American request that they bail out banks in the manner now being proposed in the United States.WELL, WELL, WELL...
... The Treasury secretary, Henry M. Paulson Jr., said Sunday that he would “aggressively” seek plans from other countries to buy up illiquid assets linked to America’s mortgage market.
German officials explicitly ruled out any German version of Washington’s plan, which is expected to cost American taxpayers about $700 billion.
... British officials also made clear that they would not create a fund to buy bad assets, although Alistair Darling, the chancellor of the Exchequer, did promise new rules.
“We are putting in place both here in the U.K. and internationally the tougher financial regulation no one can doubt we need,” Mr. Darling told the governing Labor Party’s annual conference in Manchester. “I will continue to do whatever it takes to maintain financial stability and I remain confident we will do so.
...Christian de Boissieu, chairman of the French prime minister’s council of economic analysis, said: “The U.S. must take charge of the budgetary costs of the crisis. I’m all for trans-Atlantic solidarity, but this doesn’t include financing the bailout.”
- WE BAILED OUT ALL OF SOUTH EAST ASIA WHEN THE "ASIAN CONTAGION" HIT THE FINANCIAL MARKETS IN 1997.
- AND OF COURSE: WE SAVED EUROPE FROM NAZISM AND COMMUNISM AND REBUILT THEM AND JAPAN AFTER WW2. THIS COST US TRILLIONS.
- (AND I WON'T EVEN GO INTO HOW MUCH WE SPENT ON AID TO THE REST OF THE WORLD AFTER NATURAL DISASTER STRUCK THEM...)
- AND THIS COLD SHOULDER IS WHAT WE GET IN RETURN.
- THESE ARE THE FOLKS OBAMA WANTS TO CURRY FAVOR WITH.
- I SAY: EFF 'EM. AND OBAMA.
- AND REMEMBER: THE DEMOCRATS STOPPED BUSH AND MCCAIN FROM INCREASING REGULATIONS ON FANNIE MAE IN 2003 AND 2005.
- THIS WHOLE DAMN MESS IS THEIR FAULT.
- I GUESS WE'LL JUST HAVE TO GET OURSELVES OUT OF THIS HOLE WITHOUT THE HELP OF EUROPE OR THEIR SYCOPHANTS IN THE DEMOCRAT PARTY. WE CAN AND WE WILL.
2 comments:
If oil is the engine of the economy, then that means we also foot the bill to keep the world's economy going. Because we are the ones who keep the supplies routes open.
We are the teeth behind every initiative towards real freedom in this world.
In that sense we actually perform the function the United Nations claims to perform.
And, we don't charge any tax for it.
I think we ought to start taxing the rest of the world for our services.
If they won't pay, then let the Jihadists know that French ships (just a for instance) are fair game.
Let the Pirates take over.
As you said, eff 'em.
So, the rest of the world is going to be complicit in intensifying what could well turn out to be a worldwide Depression?
Well, leeches never appreciate the rich uncle. The rich uncle should cut them off entirely.
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