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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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.
Just seems very unfair to me, and wall street is most likely profiting from this.
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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