Wall Street Bailout

[DERBENSKI]

'zardiw'

I don't think you understand the ramification of what is going down. The rest of the world is looking for us to stand behind our MBS debt regardless of whether or not it is government backed.

The rest of the world is looking at Americans saying "We are not going to pay."

These obligations are sitting in the vaults of central banks as currency reserves....

We have a currency that is backed by the full faith and credit of the US Government. Government of the people, for the people and by the people. The people are saying that they are not going to pay. This is making the rest of the world very nervous.

They might cut us off. Then we are really screwed.

Derb