Sunday, October 4, 2009

When will the bailouts end?

Tiger Management founder and chairman Julian Robertson told CNBC "It's almost Armageddon if the Japanese and Chinese don't buy our debt," Robertson said in an interview. "I don't know where we could get the money. I think we've let ourselves get in a terrible situation and I think we ought to try and get out of it."

So why are we bailing out the US Postal Service to the tune of $4 billion?

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