Quote:
Originally Posted by AK_Gandy
I think you're being a little disingenuous here.
It's not like Americans/American companies were restricted from purchasing the debt.
.
|
Strawman.
Accredited investors were for the most part, intelligent enough not to touch the stuff and most 401k plans did not allow the purchasing of such securities leaving only foreign markets.
People rant about Fed printing money, but say nothing to the fact that securitization through the sale of debt to foreigners whom deal in other currencies is akin to printing dollars.
