Not sure what to say here. Granted, the full $700 billion won't get injected into our economy all at once. It'll be $250 billion right away and the rest will come later should Bush (or who ever is in the White House) feel it is needed.
What is with Congress giving so much power to the guy in the Oval Office?
Regardless, even an influx of $250 billion will have a big negative effect on the value of the US dollar. Watch it drop even more as foreign investors in the USD take their profits and run to euros.
Mobile post sent by thepete using Utterli. What is with Congress giving so much power to the guy in the Oval Office?
Regardless, even an influx of $250 billion will have a big negative effect on the value of the US dollar. Watch it drop even more as foreign investors in the USD take their profits and run to euros.
Orignal From: Congress Set to Bailout Wall Street
No comments:
Post a Comment