USA Addicted to Cheap Credit – China Cocaine

17 February, 2009 at 20:02 Leave a comment

[via Time blames Bush, Clinton, 23 others for financial crisis]

Think of Jiabao Wen as a proxy for the Chinese government particularly those parts of it that have supplied the US with an unprecedented amount of credit over the past eight years. If cheap credit was the crack cocaine of this financial crisis – and it was – then China was one of its primary dealers…

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Entry filed under: CWorks, Economy, News-Media, Politics, WebXP.

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