Thursday, March 4, 2010

China Begins Foreclosure of US

Our government and our citizens cannot pay back what we have borrowed. So, in typical mortgage lender fashion, China is slowly dumping the right to collect interest on their goo-gobs of loans to us in exchange for the right to sell the underlying assets. Can ownership of a country be transferred via sheriff sale? Hmm... I don't think they covered that in law school...

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