China asks local lenders not to lend to U.S. banks

Discussion in 'Wall St. News' started by itcanbedone, Sep 24, 2008.

  1. China asks local lenders not to lend to U.S. banks:report

    By V. Phani Kumar
    Last update: 10:28 p.m. EDT Sept. 24, 2008Comments: 14
    HONG KONG (MarketWatch) -- Chinese regulators have asked domestic banks to stop lending to U.S. financial institutions in the interbank money markets to prevent possible losses during the financial crisis, the South China Morning Post reported Thursday. The China Banking Regulatory Commission's ban on interbank lending of all currencies applied to U.S. banks, but not to lenders from other countries, the report added, citing a source.
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  4. bump
  5. Too bad there aren't 100 more Nancy Kapturs to tell Paulson to shove 700 $billion up his ass.

  6. ChaosNSX,
    superb snippet of Marcy Kaptur.
    Wonder if she gets the corrupt colleagues on board her suggested bill. She sure secured her re-election.

    I guess honest people get sadly little air-time or coverage anywhere. When a news organization is owned by a wealthy few, managers, editors and journalists tend to align themselves according to company policy, head honcho politics and looking for the next career promotional bump.