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The cold comfort of economic collapse
We're talking $3.6 trillion in subprime-related losses. The entire gross domestic product of the United States is only about $14 trillion. So we're losing, at a stroke, the equivalent of 26% of everything we make in an entire year? [color="#999999"](Nov 29, '07)

COMMENT
Selling the US by the dollar
The US$7.5 billion that the Abu Dhabi Investment Authority is paying to buy a 4.9% stake in Citigroup begins the process of selling off America's remarkably innovative and profitable financial system. The country will now be paying a rent, in the form of the profits accruing to Abu Dhabi and the other foreign buyers that must surely follow its lead, equal to what it once collected for itself. - Julian Delasantellis (Nov 28, '07)