Friday, November 21, 2008

Hat in hand

We beg for money:

US seeks 300 billion dlrs from Gulf states

If they lend us the money, it just pushes the problem farther back. There is also the little matter of what the Gulf states may want from us in return.

If they won't lend us the money, that would be a major blow to our standing as a reliable borrower. When the world loses confidence in the US and stops buying our treasury securities, we can resort to the button!

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