Wednesday, November 30, 2011

Holger Asks Why #50: Bailout?



Holger Asks Why . . .


When the Obama Administration agrees to free up American dollars to pour into European banks to help the floundering European countries...and the Obama Administration, in turn, has to BORROW that money from China to give to the European banks....well, why does the stock market go UP at that news?

I mean, we'll never get the money back to pay back China, right?

Isn't it really just a bailout?

P.s. Sorry, one more question. Why don't the Europeans just get the money from China themselves?


--

No comments: