Bank exsecs try to talk sense to Rs

Discussion in 'Economy' started by Truthmatters, Apr 27, 2011.

  1. Truthmatters
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    Bank execs warn GOP on debt limit - Ben White - POLITICO.com



    Executives from the deep-pocketed industry that traditionally pumps millions into political campaigns are warning members that failure to raise the limit would risk a spike in interest rates, a possible collapse in equity prices, bank failures and a severe depression.

    Treasury Secretary Timothy Geithner has repeatedly warned Congress that without new borrowing authority, the federal government could hit the statutory debt limit by May 16. Treasury could then implement emergency measures to continue making interest payments on existing debt until roughly July 8. After that, the U.S. risks going into default, an unthinkable idea to many economists.



    Read more: http://www.politico.com/news/stories/0411/53783.html#ixzz1Kk4Or5r3
     
  2. Truthmatters
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    another example of how the right is helping Obama turn the economy arround.

    They want this country in a depression
     
  3. Liberty
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    Liberty Silver Member

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    blah blah blah. maybe bankruptcy is a good thing for the country; it lets us wash our hands of the filth entitlements that progressives put into law that caused this problem in the first place.
     
  4. Truthmatters
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    There you have it.

    There are those on the right who want this country to fail for their political beliefs.
     
  5. Truthmatters
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    How many others on the right think it will be great for the country?
     
  6. uscitizen
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    uscitizen Senior Member

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    It will be interesting to see how much of the bluster political hype the right really follows thru on.
    They are already backing off on many of their ideals. As they always do.
     
  7. dilloduck
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    dilloduck Diamond Member

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    Which "right" are y'all talkin' about this time ?
     
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  8. uscitizen
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    uscitizen Senior Member

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    Republicans or those who vote republican on the ballot even if Palin is a candidate.
     
  9. The Infidel
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    The Infidel EVIL CONSERVATIVE

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    There you have it... those on the left are causing this country to fail BECAUSE of their beliefs :finger3:
     
  10. R.D.
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    R.D. Gold Member

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    So now the evil wall street bank execs are on your side?!?
     

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