
Submitted by TragicHipster on Wed, 10/01/2008 - 23:35.
The USA has received global margin call. We either bail out foreign banks or we face a full on collapse of the currency.
"Assests now held in China or London can be sold to US entities on Monday, then sold to the Treasury on Tuesday [...] Hundreds of billions of dollars are going to bail out foreign investors. They know. They demanded it. And the bill has been carefully written to make sure that can happen."
- Rep Brad Sherman (D-CA)
