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News The Money Sweepstakes

  1. Feb 9, 2009 #1
    How does that song go again..?..'money for nothing, chics for free'?

    http://www.bloomberg.com/apps/news?pid=20601087&refer=homme&sid=aAvhtiFdLyaQ [Broken]
    Preferred stock or rather perpetual preferred stock in this case, i.e. it will only pay dividends with no maturity date (you never have to give the money back!). Is this purchase the new wave of financial ingenuity the US apparently so desperately needs?

    Do other countries really want to invest in the US or will they deposit their money in Eurodollar accounts in China?
     
    Last edited by a moderator: May 4, 2017
  2. jcsd
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