Folks,
An interesting article from the New York times.
http://www.nytimes.com/2009/02/11/opinion/11friedman.html
Here is a paragraph:
“All you need to do is grant visas to two million Indians, Chinese and
Koreans,” said Shekhar Gupta, editor of
The Indian Express newspaper. “We will buy up all the subprime homes. We will
work 18 hours a day to pay
for them. We will immediately improve your savings rate — no Indian bank today
has more than 2 percent
nonperforming loans because not paying your mortgage is considered shameful
here. And we will start new
companies to create our own jobs and jobs for more Americans.”
Mervyn1650Lobo
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