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The worries of the pensioners, the widows, the elderly and the doctors on main street. A whole new address and a totally different gambit. Thats how stocks reported higher with the dow climbing 323 points, s p shooting up 2. 18 and the nasdaq soaring 2. 26 . For weeks now, the democrats have listened and addressed wall streets concerns about what happens to treasury bond holders in the event of a default. Oh, no, what would the big hotshot wall street bond owners do when their precious interest didnt get paid . Will the chinese, who own 1. 2 trillion worth of bonds get fed up with us and dump their holdings . Sell, sell, sell eventually causing Interest Rates to go higher. Ooh. Really scary. I was amazed this was the size of the debt ceiling ledger the democrats seemed to care about. Think about it. Can you imagine less sympathetic characters than the gangster bankers who took the bailout, lined their pockets and arent in jail. Do ....
The widows, the elderly and the doctors on main street. A whole new address and a totally gift gambit. Thats how stocks reported high with the dow climbing 223 points, s p shooting up 2. 8 and the nasdaq soaring 2. 6 . The democrats have listened and addressed wall streets concerns about what happens to bondholders in the event of the treasury default. Oh, no, what would the big hotshot wall street bond owners do when their precious interest didnt get paid . The chinese, who own 1. 2 trillion back and forth of bonds get fed up with us and dump their holdings . Sell, sell, sell eventually causing Interest Rates to go higher. Ooh. Really scary. I was amazed this was the size of the debt ceiling ledger the democrats seemed to care about. Think about it. You imagine less sympathetic characters than the gangster bankers who took the bailout, lined their pockets and arent in jail. Dont we actually want to stiff those guys . [ buzzer ] o ....