Sep 8, 2008

Fannie and Freddie

As the old adage goes...

If you owe a $1000, you're in trouble.

If you owe a $1,000,000, the're in trouble.

If you owe the Chinese hundreds of billions, hey, you're back in trouble.

2 comments:

The Fool said...

And if you owe trillions...well, it just doesn't seem to matter. No one seems to understand the gravity of the situation...they call it business as usual.

Terence Bull said...

Standard & Poor has reaffirmed the US government’s Triple A credit rating.

There you go fool, no need to worry.