Is America too big to fail? at FinGad.com

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Categorie: Recreation
Submitted 2 months ago by

Ziad , President & CEO at Blackhawk Partners, Inc

In the 1978 blockbuster Superman, Lois Lane falls from a rooftop in New York. The late actor Christopher Reeve, decked out in blue tights, swoops down to catch the falling Lane. "Easy, miss. I've got you," he says with a trademark grin. "You, you've got me? Who's got you?" replies Lane, looking down over his arms to the pavement below. We could ask the Lois Lane question of our own government these days. They're stepping in all over the place to dig out banks and save investors. Yet the world's biggest economy is in no shape to write those checks. In fact, the United States is harrowingly close to the same kind of utter financial collapse that Americans once thought only shaky Latin American regimes could suffer. The Fannie and Freddie bailouts, monster entitlement programs for retiring baby boomers, Wall Street in flames, and sliding home values are coming to a head at exactly the wrong moment. The chances we'll be able to muddle through are slimmer every day. The earthquake will come via a collapse in the market for U.S. government bonds as domestic and foreign investors realize that the only way Uncle Sam... More...

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