It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
As of the middle of 2007, foreign investors held almost $5 trillion in US equities and foreign direct investment, almost $3 trillion of US corporate bonds and more than $2 trillion of US Treasury securities. Foreign ownership of US Agency securities, bonds and mortgage-backed securities (MBS) issued or backed by agencies such as Ginnie Mae, Fannie Mae and Freddie Mac totaled just under $1.5 trillion. While the absolute amounts may be large, it’s the share held by foreign investors of total US securities outstanding that conveys the significance of these global financial flows.
Originally posted by XTexan
What I meant was what would happen to my debt balance? Would it dissappear with the company? Or would it roll over to a new company/card? I understand credt cards will probably be useless very soon.
Originally posted by mental modulator
THATS the sound of things becoming more expensive.
NOW they tax you on the other end, get your chin slapped buckos'.
Originally posted by grimreaper797
reply to post by eradown
Where you get your information from? Bank runs is the reason that WaMu went under. They lost 16.9 billion in one week as a result of bank runs, causing the FDIC to take over and sell them off to JPmorgan.