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A comment on WaMu Fails. First major comercial bank to go.. Parent comment

Re:WaMu Fails. First major comercial bank to go. by icey on Friday September 26, 2008 @12:00PM (#316187)
I think it's fairly telling about how bad our situation is when we start comparing our options versus what the Chinese would do... and we use the Chinese option as the POSITIVE side of the argument.
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Re:WaMu Fails. First major comercial bank to go. by robak on Friday September 26, 2008 @04:33PM (#316468)
You should have start doing long time ago... savings (China) vs. "deficits don't matter" (USA), being the biggest creditor in the world (China) vs. being the most indebted nation to foreigners in the history of the man-kind (USA)... production and underconsumption (China) vs. spending on credit and overconsumption (USA).

Your situation is bad exactly because you are not paying attention to this how to build an empire (China) vs. collapse one (USA).

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