edao
Elite member
This week European leaders came together to ensure the stability of the European economy.
In the last months the news has been full of talk about European weak links and how wrong the single currency is. How Spain is weak and Italy is weak and how much debt French and Germany banks hold for Greece.
And yet in truth the real debt crisis exists somewhere outside Europe. In the same country that gave us swindling super banks and credit rating agencies which are not so good at rating toxic debt but much better at undermining European states capability to raise funds.
God Bless America!
"Republican House Speaker John Boehner has walked away from crunch debt ceiling talks at the White House with US President Barack Obama...
"Dealing with the White House is like dealing with a bowl of Jell-O," Mr Boehner said.
White House correspondents said Mr Obama looked visibly angry as he told reporters he, too, thought a deal had been close until Mr Boehner did not return a phone call made by the president earlier on Friday.
For the first time, Mr Obama publicly countenanced the possibility of the US not meeting its financial obligations.
"If we default, then we're going to have to make adjustments," he said (obama)."
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A US president talking about defaulting , A bowl of Jell-o, not returning the president calls are these politicians or children?
Where are the rating agencies, why aren't they downgrading the US!
In the last months the news has been full of talk about European weak links and how wrong the single currency is. How Spain is weak and Italy is weak and how much debt French and Germany banks hold for Greece.
And yet in truth the real debt crisis exists somewhere outside Europe. In the same country that gave us swindling super banks and credit rating agencies which are not so good at rating toxic debt but much better at undermining European states capability to raise funds.
God Bless America!
"Republican House Speaker John Boehner has walked away from crunch debt ceiling talks at the White House with US President Barack Obama...
"Dealing with the White House is like dealing with a bowl of Jell-O," Mr Boehner said.
White House correspondents said Mr Obama looked visibly angry as he told reporters he, too, thought a deal had been close until Mr Boehner did not return a phone call made by the president earlier on Friday.
For the first time, Mr Obama publicly countenanced the possibility of the US not meeting its financial obligations.
"If we default, then we're going to have to make adjustments," he said (obama)."
read article
A US president talking about defaulting , A bowl of Jell-o, not returning the president calls are these politicians or children?
Where are the rating agencies, why aren't they downgrading the US!