EU to Obama - Quit underminin' the global economy with yer free money!

[ArlJim78]

Originally Posted by GBBob

My feeling is that under "normal" circumstances you are right...but the trickle down from those filings (multiple) would have been too much. I will argue that that the ramifications for this country from the debt we are incurring as a whole is better than the individual reprecussions of multiple automakers and banks filing BK.

yes i know, we don't operate under normal circumstances. but i have to disagree on the other part, the ramifications from the debt will dwarf everything.

[GBBob]

Originally Posted by ArlJim78

yes i know, we don't operate under normal circumstances. but i have to disagree on the other part, the ramifications from the debt will dwarf everything.

and at that point...I hope you hope you're wrong

[ArlJim78]

Originally Posted by GBBob

and at that point...I hope you hope you're wrong

of course, I don't want to be right, but i'm not going to wear rose colored glasses either.

[Cannon Shell]

The Europeans arent the problem, they bitch and complain no matter what. The Chinese push for a "new" currency is a far bigger deal for us than the EU and their bs.

http://blogs.wsj.com/economics/2009/...-it-both-ways/