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US faces global funding crisis, warns Merrill Lynch

07.16.2008

WiseOne

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Join Date: Sep 2007

Location: Big Sandy, TN

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US faces global funding crisis, warns Merrill Lynch

Quote:

The US Treasury may have just days to act before foreign patience snaps, writes Ambrose Evans-Pritchard

Merrill Lynch has warned that the United States could face a foreign "financing crisis" within months as the full consequences of the Fannie Mae and Freddie Mac mortgage debacle spread through the world.

Read More Here >> Telegraph

WiseOne's Comments, uhuh and I KNEW this crap was going to happen eventually. Amazing, a dummy like me has been warning and griping about this for years, now "experts" are saying it, sheesh. Duhhhhh.

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