Go to My life
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- Go to China!
Handcuffed is so right! I think it is a standoff of sorts! sam
posted by
sam444
on October 2, 2008 at 5:36 PM
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Bad debts to have
If China really bought up all those mortgage-backed securities it's not a good thing for them. The houses are worth much less than the mortgages. If they tried to sell the houses, they wouldn't get the same price as the paper they are holding. It's a loss to the Chinese economy.
posted by
missjohn316
on October 1, 2008 at 1:20 PM
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