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What if our line of credit was threatened?

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JohnnyRingo Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-19-08 11:51 PM
Original message
What if our line of credit was threatened?
Edited on Fri Sep-19-08 11:53 PM by JohnnyRingo
What if the world just called us and said, "I'm sorry sir, but your card was not accepted". Is it possible that things were said such as, "Our markets are very volatile due to the uncertainty in the U.S. markets. We've had to pump them up with tens of billions of dollars, or even closed them for a period of time. On top of that, many of our institutions are being further stressed because they are holding all of this bad paper, your mortgage obligations. Therefore, we may have difficulty in purchasing any U.S. bonds for awhile".

I don't have any idea if this has one single weak leg to stand on, but didn't Bush look like a guy that just had his card refused. Something has got them very spooked. I can't wait for the books that are going to be written about this implosion. I think we just got told to eat the whole enchilada...or else.
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grasswire Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-19-08 11:57 PM
Response to Original message
1. somebody said on MSNBC tonight...
.....that no one may want to buy the "paper" that the Treasury Secretary has bought. That's similar to what you are saying.
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