Greed, they see a profit in helping the banks, who will pass the increased cost to the borrowers.

There would be a backlash if the government were to bail out the GREEDY lenders.

It means our congress is busying voting themselves earmarks in billions of dollars which instead should be geared towards building our border fence and sending National Guard to our borders and towards strengthening our economy. We need to recall congress and put in a fresh batch. They are selfish and only care about themselves and their wallets, and not the American people or our country. Who else can raise their own pay and vote in pensions for themselves while we struggle on Social Security (which they also rob from).

that they’re ignoring the wall street fleecing of the American tax payer , and realize were about to implode and they want the influence to dictate how were divided up.
every great impire has desolved into demise when it’s people turn on each other,
has anyone else noticed? or is it just me, were at each others throat, a dog eat dog mentality.were better than this, aren’t we? our childrens future is important, isn’t it? we the people, gosh darn it. hey washington, read the constitution please.
we the people are talking and you damn well aren’t listening.

IT MEANS THAT BUSH AND CHENY HAVE SOLD AMERICA OUT! AND IF THEY ARE NOT BROUGHT UP ON CHARGES THEN AMERICA IS HEADED DOWN HILL LIKE A SNOWBALL HEADED FOR HELL! LOOK HOW HE IS AT IT AGAIN! COVERING UP HIS DIRTY WORKS!!!!! MAKE THE JUDGES PUT THE CIA INFORMATION OUT TO BE JUDGED!!!!

When foreign banks extent loans to US banks its like a a third domestic bank making a home equity loan to a home owner already in foreclosure proceedings. So these foreign banks better get a prior rights collateral, to secure their loans.
To extent this argument to the national debt means that if China and Japan were to call in their US obligations, this country would have to declare bankruptcy over night.! Foreign Banks and Foreign countries are not in the business of extending credit out of the goodness of their heart, you can bet it is at a steep interest rate
and very short term! Vola!

THEY ARE ALREADY HERE AND INVESTED ANYWAY. THEY ALSO KNOW BY BUYING UP THE ONES IN TROUBLE NOW THAT OUR GOVERNMENT WILL BAIL THEM OUT SOON FOR ALL OF THE QUESTIONALBLE LOANS, RIGHT AFTER THE REPOSE AND EVICTIONS ARE DONE. THEY WIN, WE LOSE. SAME OLD, SAME OLD SONG.

Jack, thats just international business. the middle-class somewhere else then pays for it just as we pay for the mistakes of the bank-managers. They however get a big bonus and a new better paid job somewhere else. Business as usual.
Just wait till China grows impatient and presents the bill to the US and Western Europe. Then the real fun begins

Thomas Jefferson once said: “Banking establishments are more dangerous than standing armies.” He also said: “Every government degenerates when trusted to the rulers of the people alone. The people themselves are its only safe depositories.” And, finally, Mr Jefferson said: “Do you want to know who you are? Don’t ask. Act! Action will delineate and define you.” What an incredibly knowledgeable man - we would do well to listen - learn - and ACT!

It means that the days of “us” and “them” are over. It’s a global economy, and the USA is just one piece of the puzzle. Our days of world dominance are over and it’s time we acknowlege that, stop policing the world, alienating everyone and acting like it’s still the post-WWII era. The dollar is weak because world opinion has turned against us for our arogance. We need to stop thinking we’re better than the rest of the world. We’re all in it together, it’s just one big “us” from here on out.

It means the party is over. The housing bubble, coupled with easy credit is the only thing that drove the economy the past several years. Along with the Bush tax cuts, this represents the largest government-sponsored transfer of wealth in American history. the only reason you don’t here GOP squawking about this is that their friends are the primary beneficiaries.

i wonder how many people are leveraged to the full value of the equity in their homes as of LAST year? They are under water this year and for the foreseeable future.

What does it mean? It means that Ron Paul is right. I fear for my country as I have never before. When one is in debt to another then they own you, period. What has happend to us and how have we just set by and allowed it to happen. Love the show. Keep it up.

Our president in thief has us in a deep bankrucpty and it will take generations for us to ever see over the line of doom.

Jack, the banks, and financial instittutions, in a rush to drink every last drop of blood , of the american people, has finally gotten their “what goes around, comes around” payback. There they were, gorging along , as they usually do, failing to come up for air, until suddenly, before they knew it, there was nothing left to feed on. The word is they are getting some loans from our dear friends in the middle east region, and paying a very high interest rate, sort of like the rates the American people are subjected to, when we need loans. This reminds me of an old bob dylan song “HOW DOES IT FEAL”

It means they are getting a Federal Guarantee that if the Bank fails they still get paid. Banks have been screwing people for years in mortgage and refinance scams to get a few more dollars in interest. To most people it seemed like a good idea at the time. The banks knew those peoples credit risk when they made the loan. The Banks will now become owners of a lot of foreclosed houses that they have to pay to maintain until and if those homes ever sell. Meantime taxes come due and banks will have to pay them. This is a very slippery slope for banks. One I see no way out of. Just remember folks who pays for Federally insured loans. Yep, you guessed it. Your and my tax dollars.

It means, Jack, that this country is in much deeper caca than most people realize.

Thanks to the politicians of all stripes and colors that have encouraged American companies to have products made overseas to the tune of—how many billions in balance of payments problems?

Thanks to GW Bush for starting a war no one needed or really wanted and is now costing us, not just beaucoup de dollars, but young lives as well.

Thanks to the Republicans who threw away an surplus accumulated by the previous administration by giving tax breaks to —guess who?

When will we learn? We, the people, must not expect the federal government to do @#$% for us. We must take care of ourselves and not interfere in the business of other nations.

If we truly want a government that is NOT: of the lobbyists, by the politicians, and for the corporations, we must vote into office decent, law-abiding citizens who consider the job one of service to the country, not a way to line their own pockets.

Jack
It means that we are writing checks our rear ends cant cash. We are so deeply in debt. that we are just printing money with nothing but debt to back it up. The war in Iraq and our dependency on foreign oil will be the ruination of this country.

It means that this government spent far too much in Iraq, and this was a major factor in the huge unfavorable balance of payments taht we have today. This led to a steady devaluation of the US dollar. This has made foreigh goods expensive for us and US goods, including US companies, cheap for China and other foreigh nations. It all started with Iraq decision, and matters were made worse by the decision to expand our presenece in Iraq. The state of the US dollar today is a disgrace and any US tourist traveling abroad today realizes that.

it means they are already in up to their necks in the problem.

as the old story goes, “if you owe the bank a MILLION dollars, YOU have a problem. but if you owe the bank a BILLION dollars the BANK has the problem” just substitute “bank” for “you”, a Billion for the Million and a Trillion for the Billion and “Governments” for “Bank” and the whole story is up to date. NO one want’s to see a rerun of 1929.

This is scary stuff. It means we’re broke. When George Bush was elected, the national debt was $5.7 trillion. Today it is $9.1 trillion. Tax cuts without spending cuts and an unfunded, unnecessary war in Iraq has bankrupted us.

Jack, Bush put evert thing in this Country why should’nt the banks go down with
everty thing else Bush can’t use the banks.

It means that we were sold out by the President and the Vice President over the last eight years. I cannot believe all of the underhanded, handholding tactics that have gone on. I think that it would be great if the two that are in office now would run one more time. They should run right into Mexico where they belong. Pam, Arizona

What does it mean when a foreign government owns an American Bank? Isn’t it like when a bank loans you money for your house or land and you default and they foreclose and take over?
How many people know foreign governments own a lot of property in strategic locations in America.
It’s like these Neo Con owned Conglomerates buying up mortgages and monies owed and forcing the owees to pay on the Neo Con Conglomerates own terms.
So you should ask the question… Why do we let the Neo con owned Conglomerates to continue to rob and steal our monies and freedoms.. And who is making laws to protect these same Neo Con owned Conglomerates?
It’s past time for a Revolution to rid our government of these Neo Con Parasites and the Religious Idiots who are trying to stuff their bastardized Religion down our throats.

The U.S. government,banks,financial institutions and economy are broke. The scum that control them have sold out the American people for their own short-term profit. No one invested for the future and now we are paying for it dearly.

It means the bureaucracy has failed America and we need someone (like Ron Paul) to come in and fix our financial system.

Well let’s see…. Between our trade deficit & the Iraq & Afghanistan Wars, we owe Communist China $2TTTTTRILLION DOLLARS. It’s a wonder that they haven’t come over here & forclosed on the debt & put the Chinese flag on alllllll sorts of property here in the U.S. including the White House. Remember how the “Right Wing” hated Communism? Yet the “Right Wing” borrowed alllllll that money from Communist China.
The same goes for other countries we’ve borrowed money from to finance our so called “housing boom”. But, instead of adopting the Democratic idea of “pay as you go”, this moron in the White House said, “Spend yourselves silly, go ahead, have a good time, & for good measure I’ll cut your taxes, just so you can spend yourselves into a nice fat hole”.
I live on a fixed income, I don’t have credit cards. I PAY AS I GO. If I want something, I wait & set aside the money it will cost to buy it, & even if it takes me a year I don’t buy it until I can pay cash for it,(or if I am lucky & it’s on sale).
You don’t want to pay the taxes required to pay for the war, you don’t want to pay the taxes required for health care for anybody, including your own kids & your parents, but, you’ll all sit there whinin’ about how hard it is to hang onto your house, when if you were honest with yourselves, you should admit you really didn’t the extra big house you bought.
Some of ya’s reallllllllly make me sick!!!! Ya’s deserve everything that’s going to happen to ya’s!!!!

It means greed, greed and more greed! From everyone including the American capitalist that sold out the US worker to manufacturing jobs in China to the US bankers driven by stock price and bonus checks! Who suffers the middle and lower class Americans who lost their jobs to China. Also just as bad the US government, Senate and Congress, pork barrel politics, entitlement programs and guess who owns most of the US debt, China.

The days are numbered Jack, for everyone.

Bush, Cheney, the Senate and the Congress have been selling out the American people for the past 7 years. We are broke, in debt up to our necks and have absolutely no credibility with the rest of the world. The only place to go is DOWN and I hate to be a naysayer, but I think recession is here.

It means that another CEO got his year end bonus.

I can tell you what it means Jack. It means that just like children who still depend on Mom and Dad, we depdend on others. I.E China. If China ever decides to call the note on the US we are heading into a time that I do not want to see.

They are not coming to the rescue…they are buying out America. They are cashing in on the greed of the Wall Street money changers and manipulators. And these countries can well afford it. Major world currencies have risen to approximately 50% above the dollar in the past 4 years alone. Couple that with our unfettered debt and you have total fiscal policy failure. Who is responsible for our fiscal policies for the last 7 years?
Just another ingredient in the monopolization process of big business that Republicans far more often than Democrats bring to the table when elected.
Ultra rich people of either party simply encourage it; they make money by the truckload with the buyout.

I doubt it means much by now. If you understand that most major corps, even many smaller ones, have been moving their businesses to China, mid-east, Mexico, et al for twenty years now on a major scale. To do so, they long ago developed business relationships with bureaus, funds and governmental agencies long ago. For them, it’s business as usual by now.
They own property, production, buildings in these countries already. Their executives have homes there. What do they care who they get the funding from.
It simply scares Americans because they only now have begun to notice. I hate to tell you this, but we lost the battle years ago. Our government owes the Chinese government and funds TRILLIONS, and has for quite some time. Why should it bother the American public that former American banks owe also? WAKE UP AMERICA! STOP BUYING ALL THIS CHINESE CRAP YOU DON’T NEED. PUT YOUR MONEY IN THE BANK, AND SOON THOSE BANKERS WILL BE COMING BACK TO YOU TO BORROW. PROBLEM FIXED!!!

Jack, it simply means President Bush was wrong when he said our economy was doing well. Hey, I’d go so far as to say he outright lied about it!

They have been doing this for decades and we still have our football and baseball. The sky is not falling.

It means that the US needs to pull it’s head out of it’s hiney and realize that Yes, Virginia there is a recession.

It depends on whether it is Saudi Arabia or China. If the former it means that we have agreed to stop searching for Bin Laden, if the latter it means that it has bought Citibank and that the national language is going to be Mandarin.

It means we are in deep doo-doo.

I think this is very bad mistake. They will be taking over our country soon enough we don’t need to help them along so fast.

Mack

This is ridiculous. I work in the manufacturing sector and so much of the work that the factory was doing is being farmed out to China. We are building plants over there faster than congress passes the Iraq war funding. Now that China has all of the manufacturing sector of America, next is the financial industry. Pretty soon I will have to get my mortgage approved through an American bank that is owned by China, you go figure!

Its pathetic Jack. You and Wolf both know that. If we were not spending billions in a place called Iraq(somewhere we should have never been) We wouldn’t need bailing out. Not to mention are economy would be better off. When will we start worrying about our problems and not everybody elses?

Jack…This is not a rescue. It is a commonly accepted American fleecing tool. It is a sub prime loan; and one of these days, these benevolent countries will be sending out foreclosure notices and take back the country. They’ll divide it up into The Chinese section, The British sector, The Japanese Sector and the UAE Sector. Or maybe all the Arabic countries will have a section all to themselves.

It means that due to our leadership this country is losing control of its on economics and that is disastrous. It is in my opinion giving other nations control over OUR government. I don’t understand how our executive office is getting away with such treacherous acts against its own people. Have we lost our courage to stand up to our government ?

It means we need a president with a heart & a brain! We have been sold out by the current administration. We had better wake up while we still have a country!

It seems like the government was responsible for the banking and mortgage crisis. They acted as enablers for the Institutions who loaned money to people who could not afford to borrow it. They should clean up their messes together, but it is more likely that the taxpayers will end up shouldering the burden.

it means your mortgage paybook is now Mao’s “little red book”

It means our banks are invoking the golden rule about money, use other people’s money. Next, are the foreign government investments a rescue or suckers bet?

I think Chinese owners of US business will be much harsher in punishing corporate management when they run the enterprise into the ground and then line up for their unearned bonuses–a pound of flesh may replace a multimillion payout to losers.

It means that bank ownership is shifting because of American managements greed (shaky loans). You always pay for you sins. The American economy will not survive because of corporate greed which has lead to out sourcing. If Americans do not have earning power they can not spend money. If a corporation can not sell products wheher if bank loans or stuff the corporation will fail. We are only seeing the start of things to come.

Well, in my opinion, the question is stated weakly. I don’t believe that foreign business investors that are driven by stakeholder interest are interested in helping America. But, rather it is economic globalism! There is so much investment in our ecomony by the whole world as we invest the same amount in theirs. Anytime there is a blow up of any ecomonic bubble it will affect all the parties of interest. Although, globalism has its bad sides it is part of the game we are willing to play for the sake of the long term gains. But as other nations-continents grow, such as Latin Americas’ new international fund, I believe it will have a negative affect on the “New Roman Empire”!

It means that we’re having another banking crisis, just like the S&L meltdown the LAST George Bush presided over. Some things NEVER change.

It mean exactly what mean run for the border. I’ll start a caravan from Arizona to British Columbia. And they thought the Rio Grande was being invaded…

It means that Bush and his vice buddy sold us out. trying to support every nation in the middle east is breaking the U.S.. We even give money to countries that buy more guns to fight us with. It will take decades to get us out of the hole after bush leaves office.

It means they can set dollar value. Pretty sad day.

Funny, I always thought when the Apocalypse came it would be when Gabriel blowed his horn. Now it’s when American bankers, brokers and etc. have to accept foreign coin to shore themselves up.

Taking pledges from foreign governments to help Katrina victims (and that ended up being misused) is one thing. This is flippin’ ridiculous.

In the future when we try to flex our military strength, they can just devalue our currency and wreck our economy despite how “strong our nations [economic] fundamentals are” according to the current President. Massive debt incurred through expansive budgets and bloated bureaucracies serviced by foreign states. Not exactly an encouraging economic fundamental.

Jack its as simple as this
they are both saving their own backsides and buying huge portions of our country.

In a Wonderful life the owner of the bank cares about his community. How much charity do you think will be offered when American people default on Loans held by China, Saudi Arabia and the rest of the world.

They won’t care they just want to get paid

Arab investors buying Citi Bank
Canadians buying Commerce Bank
the NYSE up for sale along with investment banks and Insurance companies…

That means they control not only the means of production in their factories they now own our banks, our retirement savings and whether or not we will have a home to live in.

we are so skrewed its unreal.

What this means is that the “Federal Reserve BANK” and it’s greedy owners have decided to let other greedy bankers from abroad to get in on the American gravey train. This can be stopped if Congress would do their jobs and shut down the Federal Reserve, and allow OUR governmet to print it’s own monies without paying intrest to the Federal Reserve Bank. Which is NOT a part of the United States Government! As long as a group of bankers hold power over our government the taxpayer will continue to be in debt one way or another.

I think that if we have to depend on other countries for help with money problems, then… WE NEED TO STOP SPENDING SO MUCH AMERICAN MONEY AND LEARN TO SAVE IT FOR THE FUTURE OF THIS COUNTRY!!!

It means we need genuine fiscal conservatism on all levels…cough…cough…Dr. No

Jack I think this is good for America. Investments like this will allow the Republicans to provide even more tax cuts to their rich sponsors. After all aren’t they the only ones that count ?
Ed

It is not just China Jack . It ’s a host of Arab gulf countries as well that are bailing out the banking industry. Follow the money jack. The U.S. Treasury is bankrupted by this terribly botch war.

That is a tough question. My best advise is for Bill and Hillary to sit on their hands and keep their mouths shut. They have nothing to say that they haven’t already said. I am a police officer so since Hillary was the wife of a president that qualifies her to be president my wife is going to run for police chief next year. Sounds good to me.

$9 trillion in debt has weakened the USA

It means on top of historians identify George Bush as worst president ever, they’ll also identify him as worst citizen of the global village.

This is another example of the prostitutionization of American business.
Seems our nation’s economy is up for grabs to the highest bidder, and it doesn’t matter if our banks or other sectors of our economy are sold to people whose interests might be adverse to those of the American people.
We are quickly moving away from an American economy into a hybrid economy reflecting the interests of foreign investors (and governments, since in many countries business and government are intertwined. Ours is moving in that direction-fast!).
If we can’t control our economy we can’t really control our country.

Jack,
Simple, it means Bush has been president for far to long. C’mon Jack, that question was far too easy, at least make me think next time.

Americans should watch their Congress in action more often. This afternoon Republicans were mad as hatters because Democrats wanted to compensate for the loss of revenue from adjusting the AMT in the tax code by reining in some of the tax dollars lost by fat cats offshoring their money to avoid taxes. Republicans would have none of it, claiming the Democrats were raising taxes needlessly. Can anyone explain to me why we’re charging a war on the Chinese credit card if we’ve got more tax revenues than we need? According to magical Republican accounting, cutting taxes brings in more tax revenue. If that’s the case, cut up the credit cards so the next generation might have a chance at prosperity.

Our banks took risks, they got burned. Too bad they got what they had coming. No more bubbles created by foreign banks taking control of our individual and financial liberty. No to Foreign banks.

It means American is destroying itself within. America is broke! The fed & banks have not learned from history and are making thing worse, again. Soon China and oil rich countries will be the Superpowers of the world and every day Americans will watch as the country turns into a debt nation. Sad, but that crazy Ron Paul was right.

Theres a lot more to come. Brace yourself Jack. The war bill has crippled the U.S. economy and bailouts will put many “people” in good or better stead with the u.s. Who would pass on that opportunity.

Patrick
Jamaica

Self-sufficiency is the only true security anyone or any country can have. Globalism is anti-self-sufficiency and will only hurt this country in the long run. That doesn’t mean we should support separatism it just means the more we can accomplish on our own and in our own country the more secure we’ll all be.

Jack…It is an amazing opportunity….finally the USA gets to take advantage of foreign governments to finance a less than desirable ecomony. Lord knows you guys have been doing it for decades. Just don’t repay the loan. Then all you have to do is have to do is sit back and wait for the trade subsities to roll in. It’s a “win win” scenerio in your favour…fianally

The simple answer: George Bush is president.

It’s close to the end of the Christmas shopping season and foreign governments & investors (which are run by intelligent types) are just picking up a few last-minute bargains. Nothing like a little diversification. Besides, the White House is already in the back pocket of the House of Saud. Why not pick up a few banking baubles as well?

This means the nation is so much in debt, that it can’t even support itself. It means we are willing to borrow from th Chinese, an anti-American government. We are more and more becoming susceptible to conquering. The North American Union is on our doorstep because so little emphasis has been put on monetary responsibility. It means the Federal Reserve can no longer counterfeit enough funds. It means the USA is soon to be the late great United States of America.

Jack - The incompetent President Bush has taken us from a surplus to a debtor nation. The unnecessary war in Iraq and tax breaks for all his Republican buddies, have crippled this country. Never again should the citizens of the United States place into office, by honest ballot or Supreme Court appointment, another president like George Bush who, by intellect and temperment, is totally unsuited to the job. In ‘08 we must elect a Democratic president or we will have more of the same Republican speak = millions of dollars for war but little for healthcare coverage for children. The best news we could hear would be an announcement that Air Force I has become airborne and is taking Bush back to his ranch in Texas. He will not return. AMEN

Valorie

Isn’t there an earmark for that?

It means that America is crumbling before our eyes. This is the tip of the iceberg. Americans have been surviving the past 20 years boorowing on the equity in their homes. Now their homes will start losing value and their equity will become negative. They will not be able to sell their homes or continue borrowing to support consumer spending. We are not looking at a recession next year - we are looking at the beginning of a financial collapse in the US that will decimate the middle class.

Sadly, this is no accident. The Republican congress has been setting us all up since they took control of Congress in 1994. Easy credit, paper high net worth for the middle class has kept people from noticing the dramatic transfer of wealth up to the top 1%. Now the chickens will come home to roost and cash poor middle income people will lose everything. It’s the Great Depression all over again.

The American Banks failed several weeks ago! We have borrowed against the future and now the supposed fix has failed. The leadership doesn’t care, because they have cashed in through the Oil and Defense Industries.

Our economy, has lost its course, the Global Labor of China, India and Eastern Europe has replaced our technology and creativity, with cheaper alternatives. You can now obtain your english business plan through and Indian subsidy for only $5.00/hr written to english standards of Harvard University.

Our banks have been designed to fail for several years now, the NAFTA agreement first signed by Bill Clinton has subverted the ability of our banks for many years. We will be offered a universal change in the Monetary System very soon, that co-joins the South American and Canadian economys with the U.S. and will end the dollar as we know it. Can you say “Amero”, the equivilant to the Euro! Soon it will be the saviour, and all hell will break loose. Because only the true American will have the opportunity to utilize this new form of commerce.

Our Economy is ruined beyond repair, and our government will no longer exist as we know it.

As Mort Zuckerman, one of the 200 wealthiest Americans, said, “But I have to tell you, I think we’re facing the worst financial crisis in the last 40 or 50 years, maybe since the Great Depression. You have a situation where we have two and a half trillion dollars of paper, of which the estimate is that 25 percent of it is going to be wiped out in value. That’s $600 billion. And that’s just the estimates today. Those estimates get worse and worse as this paper gets to be worth less and less. And nobody knows what the consequences of that is. We’ve never been in that kind of situation.

‘Amongst other things, nobody knows who owns the paper. I mean, nobody — Merrill Lynch announced that they were losing roughly $5 billion. It then went to $8 billion within a matter of three weeks, which they are the biggest seller of this kind of paper. They’re off by 60 percent. I mean, if they’re off by 60 percent, who knows what the real value is?”

(Source: PBS’ The McLaughlin Group, 02 November 2007)

This is nothing less than an invasion of our country, on the financial level. We need to wake up - now!

It means that the US can no longer get by without becoming an international participant.

It means that our world is becoming more integrated, more global and we must get rid of the neo-conservatives’ arragant “we can do it alone” policies. We need the world and they need us.

Wow! Now the Chinese are bailing us out. Morgan Stanley is the latest in the bailout news. Of course, we had Dubai bailing out CitiBank. And, I guess NASDAQ needed help, too.

Well, thanks guys. I’m so glad we sent you all our money and dropped our bond rates, so you could use our money to buy our companies. What great guys.

The stock market will love it, of course, because we are living in Orwellian* times, when “double speak” has truly become the norm. Everyone went nuts when Citibank sold out. Brilliant!

So I guess we should thank ourselves for churning the system and sending our dough to those lovely folks overseas. Hopefully they will build factories for us in the U.S.. Then we will keep employment rates high. Of course, they will have the real money, but we will get back some of our lower paying jobs. Sounds fair.

*George Orwell, “1984″ Where the totalitarianism government, “Big Brother”, has everyone controlled and dictates speech: “black is white” and “white is black”.

It means that we’re in trouble and we should start supporting Ron Paul and elect him so the problem gets solved. The solution is that simple!

It means that the US is close to becoming a Dead Economy Walking.

It means we are in deeper S*#T than we ever thought we were.

It means that American banks are as incompetent as the American government, which is as incompetent as American businesses, who are only interested in rich payouts to the CEOs.

You have it wrong, Jack. It is CNN’s job to tell US the importance of this.

The way our economy is going, it won’t be long before China owns this country and we’ll all be speaking Chinese.
Thanks for giving it all your best Jack.

Foreign governments are spending their dollars instead of stuffing them under mattresses, which has contributed to the dollar’s decline and made these investments bargains to overseas interests. This cycle allows them to convert US debt into tangible ownership of US companies, so that when the economy does go back on the up & up, we will find substantial portions of our GDP subsidizing other nations immune to political sanctions and foreign policy.

Perhaps foreign countries are “coming to the rescue” of our banks for the same reason that we “come to the rescue” of weak, oil-rich countries such as Iraq - ownership by hostile takeover?

Jack,

It’s obvious that the bankers are now done, buying a selling off any and all properties and business assets left of any value in the U.S. to the highest foreigner bidders. They are now engaged in the whole-sale financial coup of the century - by selling each and every American’s credit history by putting is huge debt to them.

Give’em heck Jack. We still have freedom of speech. Or do we? I’ll expect a bill in the mail for this, any time now !

James

Bush and our craven congress are destroying our country’s future. Debasing the currency through unfunded wars, tax cuts for the wealthy and assaults on our constitution are unbelievable!

To put it in the simplest of terms, the total amount of bank capital in the entire country is a little over $1.1 trillion while more than $11 trillion in real estate loans exist meaning that a 10% to 15% loss on those loans would translate into the complete bankruptcy of the US banking system. What this all means is that we have a crisis of solvency, not liquidity.

Jack If there handing out so much money. How about handing me some to make my house payment. But I guess that would be wrong!

What does it mean when China is coming to the rescue of American banks? It means we need to quit worrying about learning to speak Spanish and start learning to speak Chinese.

Jack, it means they have too much money and they don’t know what to do with it!
I’m retired and in dire need of some financial help. Maybe you could put in a word for me so they can consider giving some of that cash to me. Believe me, I’ll put it to good use!
Roman
El Paso, TX.

Jack

It means that the United States is mortgaged to the hilt. We are owned by the world. It’s a sad day when the U.S. has to bailed out. We have spent almost $1 trillion on a failed war and that money should have been spent here at home. Oh, well, Attention K-Mart shoppers todays Blue Light special is: America to the highest bidder.. Lets let the bidding begin.. I have $1.99 from China, Do I hear $2.99… Anyone..??? ..Look at America folks.. Lead Free *wink, wink*, nice patina, a little rough around the edges…

My opinion is that their interest is self preservation. Along with our institutions, they also have a great deal of exposure over the sub-prime fiasco. They aren’t doing it to help anyone except themselves.

It means we are spending more than we are producing. This isn’t a difficult concept. Our trade deficit means more goods are arriving on our shores than are leaving. Which also means that a net flow of dollars is leaving the country. Those dollars aren’t just pieces of paper, they are promises for our production. Eventually, these countries are going to want to exchange their dollars and rather than buy our goods they are going to capitalize on our misfortune and own a piece of our corporate America. Its logical for them to do so and we would/have done the same. We’ve traded our extravagant foreign policy, welfare programs, and standard of living for a portion of our future earnings. It will take a significant shift in our expectations of the government and our standard of living to arrest this trend and prevent our next generation from having to send their earnings abroad.

Simple jack. I means busheconomics has failed like all his other programs

well it could mean that all the central banks are scared and covering for each other, as they are all trying to sell confidence in their particular type of paper, when we all know it’s just bring the bait to the hook. some eastern holders of American notes must really think they are getting their moneys worth. I seem to remember the Japanese boom creating the same scenario. Big money changing hands here, but we will only see the higher consumer prices for necessities.

Ross in Nova Scotia

They own our elected officials. They hold the note on our national debt. They now have a chumk of our banks and financial instutions. My question is, what do we do when they forclose?

It means that WWIII is being fought with money, not bullets. The war is in progress and we are losing - badly.

jack:

can you say “indentured servant”?

As the Fed cuts interest rates, it also weakens the value of the dollar against foreign currencies. Can you blame foreign governments from buying into America’s sub prime mortgage-weakened banks at bargain prices due to their stronger currencies?
I never thought the banks were on our side, knowing they are increasingly owned by foreign governments unfriendly to us doesn’t help me sleep at night.
In the meanwhile, Congress is spending us into further dollar declines at a time when we should be raising interest rates to fight inflation. This will not end well or soon.
Bill Donoghue

Jack look at it more like mutual Aid. If your house is on fire do you give a dam which fire department shows up to put it out. The answer is NO, you don’t care who sprays the water and to a Bank this is the same option. You can either watch it burn with no insurance to rebuild or try and stop it from spreading. If you have a lot of fires you will appreciate all the help you can get no mater where it comes from. Think about it Jack, I doubt your home is in trouble right now but a lot of them are. Try standing in their shoes for a change.

It’s a sad time for the USA, the Bush Administration has just been digging a huge hole for us. Also the average american is racking up a huge debt too, with their income staying level. We have to come to our senses at some point, or is it when china comes over and takes us over. A large percentage of the American citizens just cannot wait until he gone back to Texas for good.

It means American companies have gotten too big for their britches, too impressed with themselves and became legends in their own minds. In other words, they bit off more than they can chew. Isn’t that against the FIRST rule of business common sense? It is certainly against the first rule of running household finances.

Is this another indication that our granddaughters will be wearing burkas?

We are doomed either way; we become The Centrilized States of America or The Seperated States of America.

Jack,

This is a continuation of American IOU’s being given to Foreign Nation cash cows because of BAD American Trade Policies and Foreign Diplomatic Relations. Lets face it we are a debtor nation who can’t get out from under her debt. As long as we are in debt to Foreign Nations the less influence we will have in the World. We have become a Military Industrial Complex Economy.

It means that it is time for Ron Paul to be elected president so we can get back to the Constitution, have a truely free market economy, and a sound currency backed by gold and silver.

The answer to this question is obvious: it means that our economy is in trouble. If the richest country in the world has to receive help from far poorer countries, it means that the government is not doing its job in managing this economic crisis. What’s really troubling is that China is investing largely in our banks. After all, China already owns so many of our war bonds. If they also own percentages of our banks, then they will have huge economic advantages over us in the future, especially if we continue to spend so much money on the wars in Iraq and Afghanistan.

It means that it’s time to include some “World Stocks” in your 401k.

Like many other “American” corporations, these banks stopped being American a long time ago. Corporate patriotism to any single country is only a marketing ploy to get your money.
It’s a global village out there.

Mike

Jack, it means the crows are finally coming home to roost. The fact that China has become America’s banker, to say nothing of the massive trade imbalance we have with that country, means that not only are we exporting our jobs, we are exporting our wealth. China and other foreign nations are increasingly moving into position to call the shots in the U.S., despite all the Republican blathering about preserving our sovereignty. George Bush inherited a budget surplus, and turned it into a record deficit and debt load, so he could give his rich friends big tax cuts, essentially on credit. His war in Iraq only exacerbated the problem. Likewise, the private sector also went on a credit binge, brought on by the fact that real incomes are stagnant while expenses are continuing to rise. The U.S. has become a debtor nation and at some point, the bill will come due. I imagine the Chinese are smiling glumly at the prospect of being able to twist the screws into the United States in the near future.

Ask every little country in the world what it meant to their autonomy when US investment came to their door. Was it a temporary boon? Did feelings get hurt? Did the investors become entitled to some degree of influence over that nation?

What it means Jack is that the Chinese and other countries are finally able to begin ‘taking over’ our industries and financial institutions. What it means is that the trillions of dollars that we currently have in debt to these countries are beginning to take a toll on our richest industries. Pretty soon, with the continued outragous spending and borrowing that we do, we will eventually have all of our loans called in. When that day comes, we might just be known as The United States of Arab Chinese America.

It means our government sends too much money to other countries that don’t care about us instead of keeping it at home and putting it to a good use.

Jack,

The chinese have 1 trillion dollars in cash and the worldwide value of those dollars is declining. Part of the crunch we are feeling is the massive amount of borrowing by this Administration to fund its wars. The more the Government borrows the less there is for the citizen (economics 101).

China is now giving sub-prime loans to the United States. In the event they will foreclose and evict us.

Now, do I get a copy of your ‘Ugly’ book?

Henk
DC

This demonstrates the unmatched resilience and integrity the US economy differentiates its self from other great economies. Many investors have consistently seen the US economy ricochet its self successfully after severe natural and man made disasters; from hurricanes to 9/11. There are many more reasons for these investors to believe that it remains a credible place for investments. It is simply business not a favor!

Alain A. Taku
Tucson, Arizona

There are huge amounts of US dollars held overseas, many ending up in foreign government coffers. The fact that those governments are prepared to reinvest those funds back into US corporations should be seen as a very positive event for both America and for the rest of the world.

Closer ties between nations, be they social or economic, can only tend to bring nations closer together. Tougn to promote flying airliners into big buildings or invading foriegn countries when you own a piece of them.

It means that we really do have to watch our backs. You don’t need to be a financial wizard to know who the Chinese will protect. It is just wrong. Wake up Americans - the world is laughing at us. As the Canadians said when I visited Toronto, “Payback is Hell”

To finance our growing international debt, we must continue to attract foreign investment, despite the failing dollar and lower interest rates to those investors. What this means to me is that the hard-hitting credit crunch has forced more attractive U.S. pickings — rescue, I don’t think so.

it means little else other than the world is learning fast.

i respect my father more and more in the 20 plus years since his death.
he taught me that all people want to stratify themselves above their lot in life.
centuries ago the world rigidly stratified based on what tribe you came from or what your last name was or what religion you chose among other more rigid mores. the great american gift to the world is the degree to which we have practiced a blend of freedom and capitalism. america has exported this successful experiment. it is the experiment that is uniquely american, not the soil we claim as our own.

so belly up to the bar and play the best system the world has figured out to compete and stratify

I guess we should start learning Chinese and Arabic. If anymore of our country is bought by these two countries, we will no longer be the the mighty US, we can jusy call ourselves Unites States of Chinarabica! How does one presidential government take us so far into debt in less than eight years, that we need to start selling off peices or our independence?

jack, it can only mean one thing; that U.S banks found foreign suckers to suppliment the U.S suckers they already have here.

Hey Jack

I quess you know what going to happen now that there was a fire in the Vice President office? All tape, record, information where distroy in this fire. and this will be end of the investion that are going on.

Jack,

It means that wall street hot shots need to do some studying about finance. The banks and there high paid CEO put us in this situation. I think they need to take some extra economics class. It common sense if you borrow money @ 3% and lend it @ 1% you will lose in the end. And thats what these bank did jack. I worked in the mortgage industry and saw this coming its sad that it fell on us.

It means we better learn to speak Chinese!

DWIGHT 5:09 pm above has said it all, and it totally the truth. This one won’t be repeated on television, but I urge all those writers above here, to go and reread Dwight’s post. We are all angry here at the obvious misfeasance but Dwight puts his finger right on it.

That is no surprise to me. Every day as I car pool to work I see people driving in large cars all by themselves. We are the only country that does not employ mass transit on a broad scale. We each go our own ways one at a time in what ever we can afford to pump gasoline into. We are a people that live just at or just beyond our means and when our means run out others that can make a profit from our failure move in. That is the American way Jack. Look around you and tell me I am wrong? You do not have to be American to live the American dream just sit and wait for Americans to squander away what they have and walk in and take it.

It means they have started to sale off the American infrastructure to foreign interest!
We all better vote Ron Paul before these foreign companies buy out the whole economy for pennies on the dollar.

Restore the value of our currency,
Vote Ron Paul

Kinda like the kid who wins all the marbles in the neighborhood–has to give them back in order to have someone to play with!

It just means that most of the Muslim world wants to be America’s friend and be in their good side and good books.If this president had a different policy,probably they would have all stood by America and against terrorism .But this wild goose chase war serves right in the hands of the terrorists who want Muslims to believe that America is against Islam .

This country was built on free enterprise, but greed has taken over. their comes a time when the government needs to step up and stop the greed, and stop neadless spending,and help protect our country from within it’s borders, not in some other country that doesn’t give a dam about us. The Monster is at our back yard, (ie china,Iran,) and the government is to frightend to come out of the closet and do anything about it. Before long we will not have a back yard.

Nothing new about foreign governments bailing out American banks. These governments have been bailing us out as long as the “Bush Bunch” has been racking up the debt — now in the trillions. Surprise folks! These governments
already own us! Start taking your classes in Chinese; it isn’t too soon to begin.

Jack, it means that the economic advantages snatched from the rest of the world by the European colonial powers with guns, germs, steal, and religious self righteousness, and then passed to us as they eat themselves alive in the first half of this century, have finally started to come to an end due to a combination of our own individual greed (buying on the cheap) and the increasingly fast spread of information around the globe, or knowledge “spill-overs” to use the formal economic term. For anyone to think that American’s advantages over the rest of the world would continue indefinitely is to totally ignore the major historical events that have gotten us to this point. Even worse, it’s a self righteous ethnocentric view of the world that will result in the stupider of us either blowing everything up or us getting blown up by a pissed off and united “rest of the world”.

Jack,

It means a new breed of extremely greedy Republicans are in charge. Bet those “friends” closest to this administration are way richer than they were 7 years ago.

It means the American people have been asleep at the wheel and have driven themselves into a big, fat, stinking pile of quicksand by not using their right to vote these career thugs (oops I meant politicians) out of the office for which they have failed to manage appropriately. I am hopeful when I see people like Jim Webb elected into office. I am hopeful when I hear and see those concerned about the sovereignty of our country like Tom Tancredo, Duncan Hunter, and Ron Paul. But until the zombies wake up at the polls and vote the issues instead of voting whomever the media places on a marble pedestal, we will continue to choke on our own vomit and sink into the dark abyss. Period!

You’ve got it wrong, Jack. China isn’t coming to the rescue of anyone or anything.
After all, they recently refused safe harbor to our own US Navy, didn’t they.
This is just another highly-profitable private investment opportunity that isn’t offered to the rest of us. If Chinese investors could actually invest enough to control one of our investment banking icons, this whole mess just might get cleaned up in a hurry. Poisoning China’s state-controlled economy with unethical conduct (or lead paint) might result in a few executions. I suspect that some of my investment banker friends might give some thought to changing their priorities, but not their behaviour. I only wish they’d forget to vote this time around.

Bill R,
New Hampshire

It means that it’s only a matter of time until the boards of the biggest U. S. banks and the companies these boards control will be outsourced to their Chineese masters. These folks who supported the Bush no tax deficits will understand the maxim, “Robspierre died at the guillotine.”

Hi Jack,

It means we need to listen to Ron Paul. The only one not blowing smoke up our… well, you know.

That’s the kind of hard ball question that I would like to hear asked of all the presidential candidates. I don’t care about superfluous nonsense like abortion or homosexuality that are national non issues, but were talking about a possible total meltdown of our monetary system. That’s going to a big problem for the nation as a whole regardless of any personal agendas.
We can’t continue to print worthless paper to cover our habitual overspending and expect the rest of the world to bail us out for much longer. The time is rapidly approaching when we are going to go through a painful understanding of what words “paying the piper ” really means.
The smartest thing to do now is to get out of debt, live within your means and invest in anything of intrinsic value.

Jack;

When China,Or a Arab country allows us to own ten percent of a vital strategic piece of their country. Then we should allow them .

That would never happen, they are, to their credit ,smarter than greedy Americans
who make bad decisions to cover their own monitary pedofilia.

Politicians should never let things like this happen without the feds approval.

I personally will never knowingly do business with that company.

Jimmy Carter, Ronald Regan,GeorgeHW Bush,Bill Clinton,George W. Bush, The

current Congress are all to blame as well as the greedy complicate Americans

who buy trade deficit countries goods. The average Ameican only knows the latest

sports score. Richard M. Nixon opened the China door and we Americans are the

proverbial Frog in the pot of boiling water. ….Ike for President.

Dear Jack,

Most Americans have been kept in the dark that for years the dollar has not had ANY gold backing it. The Federal Reserve which is not a government agency (it is a private banking cartel) has been printing money with no backing whatsoever. Printing more money without any backing devalues the dollar and creates inflation.
I can not believe that the Euro and Yen have more value than the dollar. America has been sold out. Only Congress had the right to coin money. Yet this right was given to a private banking cartel that charges the American people interest on their money (amazing). Our founding fathers warned us of this, and the mainstream media never reports any of this. I guess Glenn Beck and folks like you care more about your personal paychecks then America being for Americans. The only candidate that talks about this is RON PAUL who wants us to go back to the Gold Standard and remove the Federal Reserve from charging us interest on money that should be coined from Congress.

RON PAUL RON PAUL RON PAUL RON PAUL

Voltaire 1700 ” Paper money eventually returns to its intrinsic value - zero.

Andrew Jackson - ” If the people only understood the rank of injustice of our money and banking system there would be a revolution before morning”

It means we should all learn Mandarin as soon as possible.

I can also say one thing… Ron Paul

I am appalled that foreign investment is buying out bank failures - let them fail. People buy loans they cannot afford to begin with - we bail them out. Investors lose money on the gamble of the stock market - and we bail them out. What the hell is going on? There are rewards and consequences in life - you make a judgement on a decision based on ‘doing your homework’ - oh….wait…..now i get it….most people who signed loans they could not afford were ‘pushed’ through school instead of being made to learn - so now we bail them out again.

So proud to be an American…

Jack, how are we ever going to get out of this one? The World is going to belong to the man of the year. Right now everyone else is just getting their 2 cent in. The richest Nation in the World done the drain.

Well, one good thing (sic) about this. The overpaid, greedy CEOs who are getting Mega Bucks for selling out the American people will most likely retire in luxury and splender while their replacements, the Chinese installed Chinese CEOs will really teach us history, the way things were before labor laws and unions, it’ll be the sweathouses of the 1890s through the 1920s. Gotta love Corporate America or is that Corporate China.

Does it surprise you that China will be the largest English-speaking country in the world within the decade? Now Congress, The Fed or The President will have to listen to them; after greed drove the banks to weaken America’s mortgage investments, Wall Street is taking home billions in year-end bonuses. Greenspan and Bernanke failed to regulate the banks properly as they should have done.
A weak dollar makes Wall Street firms a bargain.Meanwhile the Treasury is sitting on trillions in deferred income taxes in 401(k)s and IRAs. Give folks a bit of a discount and it won’t cost them a penny to give the Treasury the money to bail out a lot of our problems.
Bill

Jack,
When China is loaning money or buying out of American companies, it means that the credit based economy of the US is drying up and that the Bush tax cuts are not what’s holding up our economy.
China is more than happy to own as much of our country as we will give them.

Ask where is China getting their money?

It means our enormous trade deficit is finally taking a permenant toll on the American public and our economy. Our currency is being devalued at an alarming rate because other country, particularly China, hold far more dollars than they want. This is only the beginning. Our obsession with Wal-Mart and every cheap article out of China, which pays $.30-$.50 per hour wages is sinking this country. We have lost our industry and good jobs. America is no longer the worlds economic leader, but well down the list. We just have the highest percentage of super-rich in the world.

What does it mean when international foreign bankers control America’s Monetary System through their operation of the Federal Reserve (A Private Bank)? What does it mean when when they are purposely lowering interest rates to cheapen credit, getting people overextended and in debt; while at the same time devaluing the Dollar by creating money out of thin air and causing hyperinflation and then inevitably deflation? What does it mean when the crashing dollar and U.S. economy causes American Industry and jobs to go overseas and the main export of America becomes “Paper Dollars?” What does it mean when a secret faction within your own government is fully aware of the illegality of the Federal Reserve and other unsrupulous organizations like the Council on Foriegn Relations(CFR), and are actively participating in the demise of America? What does it mean if this is all being done by design?

“And so the Federal Reserve System was organized in 1913. It consisted of twelve regional Federal Reserve banks nominally owned by private bankers, but in fact government sponsored, controlled, and supported. Credit extended by these banks is in practice (though not legally) backed by the taxing power of the federal government.”–Alan Greenspan 1967 “Gold and Economic Freedom”

Jack:

Hate to sound like a broken record, but lets look at some facts…….

Mexico runs the American labour force

10 Trillion dollar debt owned to countries just a few ago American thought were not friendly. hm

1 Trillion dollar debt for a War based on lies

1 Trillion dollars required to replace all your worn out miltary machinery and supplies from Irag and Afghanistan

1Trillon dollars requried for long term health for 50-60 wounded vets from Irag and Afghanistan

The once proud American Armed Forces are protecting Drug Lords who sell their poppy crops to Americans

No money set aside for fast approaching OAS numbers never seen before on the fact of the earth

40-60 million Americans have no health care

America’s infrustructure requires Trillions in repairs with over 50% rated unsafe

Sub-prime loan disaster has not yet peaked, and even some stop gap measures were only shuffled south.

American has tasked itself as police officers via it’s military while other