China has state sponsored companies ... and the US has state sponsored companies.
By proxy, the US is sponsoring all the companies that the banks and money market funds are sponsoring.
Welcome to the future.
Here's a news link:
http://www.bloomberg.com/apps/news?p...bF8&refer=home
It's more like socialism. Anyways, c'est la vie I guess. Ironic, though, france doesn't have to bail anyone out here.
By proxy, the US is sponsoring all the companies that the banks and money market funds are sponsoring.
Welcome to the future.
Here's a news link:
http://www.bloomberg.com/apps/news?p...bF8&refer=home
It's more like socialism. Anyways, c'est la vie I guess. Ironic, though, france doesn't have to bail anyone out here.
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