Friday, April 3, 2009
The Frat boys' joke on the rich uncle
So that trillion dollars for the IMF? The frat boys want Uncle Hsu to kick in the biggest amount. Perfect picture.
from the FT.com site
Mr Brown claimed that China had agreed a $40bn contribution to IMF funds. Chinese authorities could not confirm that last night. The IMF declined to comment.
The joke's on us folks. China has bankrolled our current and near future debt. If they stop and call in the loans - the pork-laden, gravy train stimulus bill will bury us.