09-29-2008, 12:11 PM
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#50
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Admin.
Join Date: Aug 2005
Location: Hamilton, NJ
Posts: 20,165
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Quote:
Originally Posted by SteveR
Yea, it's been increasing a lot lately, but with all of the banks like they are, foreign companies can now buy controlling amounts of our nations financial infrastructure. That can be disastrous. Imagine at some point in the future we have a disagreement with Japan or any other country that's buying us up? If they have a controlling stake in our economy they can raise rates, refuse loans, cancel commercial lending, etc. You can't go to war with a country that controls your economy.
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Although if they did that they lose all their investment...so there is incentive on their side to not do that.
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