Spanish Banks Gorging on Sovereign Bonds Shifts Risk

michaelr

Former Staff
Dec 2006
89,668
6,643
FEMA Region 10
Spanish Banks Gorging on Sovereign Bonds Shifts Risk

Sound familiar? It should.

I get a real kick listening to people talking about the Chinese buying US debt in some scheme to take over or some shit. The truth is, the debt they hold is old. The fed holds the debt, they and their banks, and this puts it on our backs. No risk for the banks is bad business. Had they the risk the rates would be explosive.

This is how they hooked the Greeks, and we saw what happened there, or is happening.
 

michaelr

Former Staff
Dec 2006
89,668
6,643
FEMA Region 10
Obama is behind it.
Well that's weird, but if you insist. He is behind the fed buying our debt, perhaps that is what you meant. His banks can't have risks, that is saved for us.