Weird Banking News

I just ran across this news item saying that the US is loaning $50 Billion to the EU so their banking systems won’t collapse from panic withdrawls after the attack on the US. (I’ve since received an email saying that AP should called this a “swap” rather than a “loan” as it is just a trade of Dollars for Euros.) Anyway, it got me thinking; if our allies are this scared imagine what our enemies must be thinking about now – they’re probably just beginning to realize they’ve done a BAD THING and are going to be toast shortly. Oh well, it gave me a good laugh anyway.

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