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2009-08-13 Europe

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Posted by tipper 2009-08-13 04:28|| || Front Page|| [3 views ] Top

#1 Of course it was all helped by billions of TARP money that went to Euro bank investors who were holding bad American paper which the Beltway mobsters decided to honor even though there was no contractual or legal obligation to honor them. They gambled on the market, lost, and still recovered a hefty portion of their bet while shifting the loss to the American public in the form of Treasury obligations.

Posted by Procopius2k 2009-08-13 08:28|| 2009-08-13 08:28|| Front Page Top

#2 If the US doesn't recover for a while, Europe's recovery will be very temporary.

Posted by DarthVader 2009-08-13 09:19|| 2009-08-13 09:19|| Front Page Top

#3 AIG Bailout: Where $173 billion Went

Posted by ed 2009-08-13 09:44|| 2009-08-13 09:44|| Front Page Top

#4 I think this is merely mistaking inflation for economic growth.

Posted by Bright Pebbles 2009-08-13 17:33|| 2009-08-13 17:33|| Front Page Top

#5 The BBC says that the German data are distorted by large subsidies for purchases of new cars. I wonder who else might be doing that?

Posted by Eric Jablow">Eric Jablow 2009-08-13 19:35|| 2009-08-13 19:35|| Front Page Top

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