Skip to main content

View Diary: Donald Trump goes bankrupt. Four times. (242 comments)

Comment Preferences

  •  Huh? (0+ / 0-)

    1/12 of Trillions is not a lot of money?

    and China is not using that as leverage? suurrrrrrrrrre.

    "I don't feel the change yet". Velma Hart

    by Superpole on Mon Apr 18, 2011 at 10:09:32 AM PDT

    [ Parent ]

    •  1/12 isn't ownership (0+ / 0-)

      I never said it wasn't a lot of money. I said it's "not that large of a fraction of our total debt".

      And what leverage do they have? They can dump the bonds they're holding, which would likely drive up interest rates for a while, but only at the expensive of them incurring a massive loss themselves. They're holding fixed-maturity securities, they can't call in that debt. And while they're rapidly trying to develop sources of revenue other than the American consumer, they're not all the way there yet.

    •  It's basically an old joke: (0+ / 0-)

      You owe the bank $1,000 you can't pay, you have a problem.

      You owe the bank $1,000,000,000 you can't pay, the bank has a problem.

Subscribe or Donate to support Daily Kos.

  • Recommended (150)
  • Community (65)
  • Elections (43)
  • Civil Rights (38)
  • Culture (32)
  • 2016 (32)
  • Baltimore (28)
  • Economy (27)
  • Texas (27)
  • Law (27)
  • Bernie Sanders (26)
  • Environment (26)
  • Hillary Clinton (24)
  • Labor (23)
  • Rescued (21)
  • Health Care (21)
  • Barack Obama (20)
  • Republicans (18)
  • International (18)
  • Freddie Gray (17)
  • Click here for the mobile view of the site