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US Approaching Insolvency
publication date: Mar 26, 2011
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author/source: Chris Prang
Richard "Loose Lips" Fisher has spoken again. What did he say?
"If we continue down on the path on which the fiscal authorities put us,
we will become insolvent, the question is when," Dallas Federal Reserve
Bank President Richard Fisher said in a question and answer session
after delivering a speech at the University of Frankfurt. "The
short-term negotiations are very important, I look at this as a tipping
point."
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