Tradefair & Financials
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28 Apr 10
17:04
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31 Aug 07
By me! I mean who are these companies ranking countries credit worthiness, the same people who rated subprime mortgages as AAA++? how can a country afford 20% interest rates? it just makes the problem worse, which is what THEY want, then THEY can go in and steal all the assets of these countries.
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Would you lend Greece money at a low interest rate?
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No I wouldn't lend Greece at low interest rates, but if the usa was put under this pressure it too would crack, even a 3% interest rate would bust them in a couple of weeks and they too would be junk as they should be imo.
Just seems very unfair to me, and wall street is most likely profiting from this. |
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Their interest rates are 20% _because_ they made it worse. The credit rating is a response to that, not a cause.
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