Are US banks getting ready to dump the $US after the $700 Billion bailout

Monk06

(1000+ posts) Send PM | Profile | Ignore

Thu Sep-25-08 02:59 AM
Original message

Are US banks getting ready to dump the $US after the $700 Billion bailout

Edited on Thu Sep-25-08 03:03 AM by gbrooks

Well the Chinese Government seems to think so.

China banks told to halt lending to US banks-SCMP

http://www.reuters.com/article/companyNewsAndPR/idUSPEK16693720080925

China denies telling banks not to lend to US banks

http://www.reuters.com/article/marketsNews/idUSBJC00020520080925

What does this mean? That there will be a run on the $US in world
money markets and the Chinese are being set up as the fall guy.

The result is Wall St will get it's $ 700 Billion dollar payoff plus
Billions or perhaps Trillions from betting the dollar down to well...

as low is it can go.

Printer Friendly | Permalink | | Top

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.