Bankrupt Obama-stimulus recipient A123 goes to the highest bidder: China. “…what we’ve essentially accomplished here is borrowing money from the Chinese, to build a company at a loss, to then sell it to the Chinese.” Well, now that the only buyer of Treasury bonds is the Fed, from now on we can print money to build a company at a loss to sell to the Chinese. Keen, er, Keynes!
9 Comments
newest