Monday, November 28, 2011

Oh, sheesh - today's edition

Now the IMF is looking at bailing out Spain and Italy with loans at well below their actual cost of borrowing.

Keep in the forefront of your mind the fact that the US contributes 45 percent of the IMF's money. Also the US government's 15 trillion dollar debt.

The money has to come from somewhere.

No comments:

Post a Comment