posted on Oct, 5 2008 @ 04:53 PM
I wonder what "further retribution" means from the Chinese ?
Found this write up about the US Dollar Doomed as Credit Crisis Turning into a Currency Crisis '
"As I mentioned in last month's issue, Treasury Secretary Paulson was under severe pressure to act, as the Chinese started selling Fannie and
Freddie bonds while threatening "further retribution". Common shareholders were left with nothing, while bondholders like Pimco and Asian central
banks benefited. The small investor was stung again, as taxpayer dollars were used to bail out foreigners and wealthy Americans in a policy that Jim
Rogers terms “socialism for the rich.”
[edit on 5-10-2008 by Reevster]