Chinese Banks Told to Halt Lending to US Banks »
Posted By Neophile 9 months, 1 week ago in Business & FinanceChinese regulators have told domestic banks to stop interbank lending to U.S. financial institutions to prevent possible losses during the financial crisis, the South China Morning Post reported on Thursday.
Read Full Story at reuters.com »
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Shankari25Comment removed: User banned.1 Reply
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Shankari25Comment removed: User banned.2 Replies
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SpareChange3 months ago
What ev, they need us just as much as we need them. The US consumer buys all their crap. If we aren't buying, like we aren't, they suffer - and they are feeling it.
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If you don't want to support China, stop shopping at Walmart and go to you ma and pop.
China is trying to use the yuan instead of the dollar through out asia and already in Argentina.... I guess our Empire really is on the decline.
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miklkit9 months, 1 week ago
Here it comes. I've been waiting for this one. Are we still on the slippery slope, or are we going over the edge?
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sailrComment removed: User banned.
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Sand-Dollars9 months, 1 week ago
Good! I hope China dosent lend the US any more money. Im disgusted the US government sold the United States out to China for greed, bribes, personal wealth. Seduced by the dragon. The strategic intention of China to silently gain control of the US via its financial system has worked. China own us, our debt. Thats leverage. Our politicians (Clintons, are big ones), were selling the US out to the communists taking bribes & lobbying money for pro China bills to slide through the house, by Chinas proxy agents embedded in our society & governemtn. Our country has become pimped out. Pimped by those we gave control over OUR purse strings. I hope this countries economic system crashes (IT WILL), I hope it all goes down. Our government takes our money and "bails out" the banks, & companies that cant manage themselves? Politicians pockets get lined by those same corporations that lobby for less regulations that allowed this to happen! I say let the market crash, let everyone get exposed for letting this happen. They are not bailing the economy out, they are bailing themselves out! We will all wake up soon to the realization that we all have vered so far from the framers intentions of the constitution and now have become subject to a socialist state where our own governemt owns the financial markets and we, our children, and their children will be forever enslaved in debt owed to China and foreign countries. Great oppertunity for China to take back Taiwan while America reamains impotent and financially crippled. Great oppertunity for that overdue transition to a one world government to save us all. Soverignity was sold off long ago. Some Examples:
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http://www.youtube.com/watch?v=WmfXczSGR7w
http://www.youtube.com/watch?v=4ATJNnhNMT4=related -
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Sand-Dollars9 months, 1 week ago
LET YOUR ELECTED OFFICIAL KNOW HOW YOU REALLY FEEL!
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http://www.usa.gov/Contact/Elected.shtml -
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Sand-Dollars9 months, 1 week ago
Do not allow the financial "bailout". This is socialism for the rich. Our government restructured wellfare for the poor. But now this is wellfare for the rich. It is bailing out the financiers, the banks, the Wall Streeters. The bail out will not benefit homeowners or help average citizens improve their standing for a home mortgage. It's not bailing out the homeowners who are in trouble; It is not bailing out people who want a mortgage; it is just bailing out financial institutions.
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I say let the companies and institutions crash. That is what the legal system is for, to restructure and reorganize. Do not put this debt on the US citizens, our children, and our grandchildren. We will pay for this when the tide turns in the stock markets, and that will only be temporary. Let the companies that allowed this to happen pay for it themselves. Americans can do much better learning to live within our means. More volatile credit, especially after this should be a lesson learned. Lets get back to the basics.
The government should now readdress the 1999 Deregulation Law and implement counter measures to protect the economy and financial system from themselves.
Congress needs to address the Gramm-Leach-Bliley Act (GLBA) which congress allowed commercial and investment banks to consolidate. For example, Citibank merged with Travelers Group, an insurance company, and in 1998 formed the conglomerate Citigroup, a corporation combining banking and insurance underwriting services. This completely undermines the Glass-Steagall Act of 1933. This was established by the Federal Deposit Insurance Corporation (FDIC) in the United States and included banking reforms, some of which were designed to control speculation. Some provisions such as Regulation Q that allowed the Federal Reserve to regulate interest rates in savings accounts were repealed by the Depository Institutions Deregulation and Monetary Control Act of 1980. Provisions that prohibit a bank holding company from owning other financial companies were repealed on November 12, 1999 by a bipartisan, conference committee version of the Gramm-Leach-Bliley Act signed by President Bill Clinton.
This "bail out" should never happen. The American citizens did not do anything to deserve debt slavery for many generations to come. Congress needs to fix the problem they made back in 1999. Let the financial markets and corporations to be broken up and reorganized. Let the financial system reset itself. -
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Sand-Dollars9 months, 1 week ago
I was not a Ron Paul Supporter. But the more I listen to him, the more he made sense.
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http://www.youtube.com/watch?v=nWyygiyPbdA
Too late for that now. -
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Sand-Dollars9 months, 1 week ago
HERE IS THE ANSWER:
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http://www.politicalforum.com/current-events/51926... -
insuranceeseComment removed: User banned.
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